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President Joe Biden has urged the House and Senate to swiftly pass an agreement he reached with Republican Kevin McCarthy. The agreement aims to raise the multi-trillion dollar debt ceiling of the federal government, as concerns about a possible default by early June grow.As per a Reuters report on May 28, citing two insider sources, a “tentative” agreement was reached to increase the $31.4 trillion debt ceiling. The agreement came about following a 90-minute phone call between President Biden and McCarthy on May 27.After the article was published, President Biden took to Twitter to confirm the existence of an “agreement in principle.” He emphasized that this agreement is crucial in avoiding a devastating default for the United States. Biden further stated that the agreement will be presented to the House and Senate within the next day, urging them to promptly pass it. Read Full Article Here: <a href="https://cryptosheadlines.com/biden-reached-tentative-agreement-regarding-the-us-debt-ceiling-report/" rel="noopener noreferrer nofollow">https://cryptosheadlines.com/biden-reached-tentative-agreement-regarding-the-us-debt-ceiling-report/</a>

Biden Reached ‘Tentative’ Agreement Regarding The US debt Ceiling : Report

CryptosHeadlines.com

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