The Biden administration will reportedly start collecting federal student loan payments and added interest for millions of Americans again by the end of the summer, as a result of the agreement reached by the president and House Speaker Kevin McCarthy to raise the country’s debt ceiling.
President Joe Biden and Speaker Kevin McCarthy will meet this afternoon on May 28th to finalize the debt ceiling agreement, and then Republicans will release the legislative bill, according to House Democrat Leader Hakeem Jeffries who had informed the Democrat caucus of the news in a letter on Sunday.
President Joe Biden stated on Sunday that the president should bear no responsibility if the United States were to default on its debt in the near future.
President Joe Biden and Speaker of the House Kevin McCarthy are set to meet on Tuesday afternoon to discuss the debt ceiling and how to move forward in order to avoid defaulting on the nation’s debt.
Kevin McCarthy puts the ball in Joe Biden’s court, as the House passes a Debt Ceiling Resolution.
President Joe Biden is facing criticism over the many false claims he made during his recent speech in Virginia.
with Richard Stern – 01/13/2023
Treasury Secretary, Janet Yellen notified Congress that the U.S. will reach its statutory debt limit next Thursday. Yellen asked House Speaker Kevin McCarthy (R-Calif.) to suspend or increase the debt limit to be able to