Can the United States finally avoid a debt ceiling crisis?
After weeks of political stalemate over the U.S. debt ceiling, Washington may be about to approve a compromise deal in Congress.
Leaders and members from both the Republican and Democrat parties have gathered on Capitol Hill and are expected to vote on a proposed deal Wednesday night. If passed, action then moves to the U.S. Senate while America edges closer to a critical early June deadline as it tries to prevent defaulting on its debt.
Joining the discussion:
- Eleanor Clift is a political columnist with the Daily Beast.
- Melik Abdul is a Republican strategist and radio host.
- Douglass Sloan is senior political analyst and principal at National Capitol Strategy Group.
- Rina Shah is a political analyst and current affairs commentator.
President Joe Biden and House Speaker Kevin McCarthy have announced an "agreement in principle" to raise the nation's debt ceiling and avoid a potentially catastrophic default. Here's a look at what comes next as Congress rushes to pass an agreement. https://t.co/IipZkT3urM
— The Associated Press (@AP) May 28, 2023
The right and the left are both up in arms about the agreement in principle reached by President Biden and Speaker Kevin McCarthy to raise the debt limit. But now, both sides have started to make the case for its quick passage — a tall order in Congress. https://t.co/Xnp5oHq8Qu
— The New York Times (@nytimes) May 28, 2023