7 steps by biden & mccarthy to save united states financial crunch

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Recent agreement in principle raises the nation's borrowing limit, but uncertainties remain.


Both parties engage in intense discussions to consolidate support for the emerging package.

Proposed agreement aims to raise the debt ceiling for a two-year period


Provisions include spending freezes, defense and veterans' issues, and changes to energy regulations.

Demands for larger cuts

Republicans demand larger spending cuts, while Democrats worry about social safety net program rules.

completion target

McCarthy targets completion of the final package by Sunday for a quick vote in the House.

Treasury Secretary sets June 5 as the deadline for exhausting government funds.

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