Biden, McCarthy reach final deal in debt ceiling talks, look to sell Congress

The Democratic president and Republican speaker spoke with each other Sunday evening as negotiators rushed to draft the bill text so lawmakers can review compromises that neither the hard-right or left flank is likely to support.

Source: Debt ceiling 'agreement in principle' has been reached

President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle" late Saturday as they raced to strike a deal that to limit federal spending and resolve the looming debt crisis ahead of a June 5 deadline,

U.S. default could cause unemployment surge in Illinois

A prolonged default on America’s debt could result in the loss of nearly eight-million jobs, sending Illinois’ unemployment rate above nine percent, according to economists.

U.S. default could cause unemployment surge in Illinois
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A prolonged default on America’s debt could result in the loss of nearly eight-million jobs, sending Illinois’ unemployment rate above nine percent, according to economists.

On 1st anniversary of Uvalde, Texas, school shooting, Biden says ?it?s time to act? on gun control
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As families and loved ones mourn the unimaginable loss of 19 children and two teachers shot dead last year in Uvalde, Texas, President Joe Biden said from a solemn White House memorial that too many schools, too many everyday places have become ?killing fields.?

As debt ceiling talks grind on, Republicans say White House showing ?lack of urgency?
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Debt ceiling negotiators for President Joe Biden and House Speaker Kevin McCarthy traded more budget-cutting ideas at the Capitol Tuesday, but Republicans warned of a ?lack of urgency? at the White House to resolve the standoff in time to avert a potentially chaotic federal default.

Democrats beg Biden to fast-track migrant work permits
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A growing number of Democrats are calling on the federal government to speed up the work authorization process for migrants.

Debt ceiling: No agreement yet, but Biden, McCarthy say they're optimistic after meeting

President Joe Biden and House Speaker Kevin McCarthy say they and their lead negotiators have had a productive meeting at the White House on the impasse over the government's debt ceiling.

Debt ceiling impasse threatens veterans benefits, social security, and more
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The Treasury Secretary is starting to break down some of the checks that may not go out if the U.S. debt ceiling is not raised by the end of next week, including $12 billion for veterans benefits, $25 billion for social security, and $47 billion for Medicare.

Biden and McCarthy to meet on debt ceiling
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President Joe Biden and House Speaker Kevin McCarthy are to meet late Monday at the White House at a pivotal moment as Washington works to strike a budget compromise and raise the nation?s borrowing limit in time to avert a potentially chaotic federal default.

Debt limit talks stall as Republicans 'press pause'
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As negotiations over raising the nation's debt ceiling have come to an abrupt standstill, a top ally of Republican House Speaker Kevin McCarthy said it was time to "press pause" on the talks.

White House partners with Chicago to combat homelessness
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The White House is launching an initiative to end homelessness, and it has selected Chicago as one of its partner cities.

G-7 summit: Biden, Japan's Kishida vow to 'stand strong' against global threats

Leaders of the world’s most powerful democracies plan to devote much of the first day of the Group of Seven summit to finding new ways to punish Russia for its 15-month invasion of Ukraine.

Oral arguments in abortion pill ban appeal begin
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The Biden Administration is back in court to fight for the future of Mifepristone, a widely-used abortion medication.