
The Hitchhiker’s Guide to moving a debt ceiling package through the Senate
Fox News
It is now up to the Senate to consider President Biden and House Speaker Kevin McCarthy's debt ceiling agreement, which could happen in the coming days.
House Speaker Kevin McCarthy's negotiators reached an agreement with the White House earlier this week on a deal to raise the debt limit and reduce some spending — though the limitations were far less far-reaching than many in the GOP had wanted. Chad Pergram currently serves as a senior congressional correspondent for FOX News Channel (FNC). He joined the network in September 2007 and is based out of Washington, D.C.
The Senate has just days to consider it before June 5 — the date when Treasury Secretary Janet Yellen said the U.S. could default on its debt obligations if lawmakers did not act in time.