A bipartisan House group proposed a compromise framework to raise the debt ceiling amid a standoff between Joe Biden and Kevin McCarthy. See potential bias and similarities in coverage from FoxBusiness, axios, and thehill: DebtCeiling Politics
A bipartisan group of lawmakers on Wednesday unveiled a proposal to avoid a first-ever default on the national debt if House Republicans and President Biden fail to strike a deal.
The blueprint from the Problem Solvers Caucus – which includes 32 Republicans and 32 Democrats in the House – calls for suspending the debt ceiling through Dec. 31, 2023, and proceeding with the typical budget and appropriations cycle to"remove immediate pressure of defaulting on our national debt."
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Speaker McCarthy, House Republicans move to put Biden on defense in debt limit standoffHouse Speaker Kevin McCarthy is putting President Biden and Senate Democrats on the spot in the ongoing debt limit standoff by teeing up legislation that would curtail spending in exchange for raising the cap on how much the federal government can borrow to meet expenses.
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