US President Joe Biden urges Congress to pass debt ceiling deal
World | May 29, 2023 6:51 ISTThe US President said the agreement addresses split the difference, that nobody got all that they need, "but that’s the responsibility of governing".
The US President said the agreement addresses split the difference, that nobody got all that they need, "but that’s the responsibility of governing".
The breakthrough came after a long deadlock as the two sides got down to business in the final race for an arrangement in front of a basic June 5 cutoff time for a deal.
The budget deal, struck between the White House and Congress in a bipartisan fashion Monday, covers fiscal years 2020 and 2021, and would raise overall spending levels by USD 320 billion above the strict limits set in 2011, Xinhua reported on Friday.
Canberra, Australia : Australia's government faces stiff resistance in Parliament to increasing the country's public debt ceiling by a whopping two-thirds to 500 billion Australian dollars ($467 billion). Opposition parties are refusing to support the
Washington: President Barack Obama says he will negotiate with congressional Republicans only after they agree to reopen the federal government and after they increase the nation's borrowing authority, which is set to hit its limit
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