{"id":4635467,"date":"2023-05-28T13:55:36","date_gmt":"2023-05-28T12:55:36","guid":{"rendered":"https:\/\/theglobalherald.com\/news\/debt-ceiling-deal-kevin-mccarthy-provides-update-after-agreement-in-principle-reached-live\/"},"modified":"2023-05-28T13:55:36","modified_gmt":"2023-05-28T12:55:36","slug":"debt-ceiling-deal-kevin-mccarthy-provides-update-after-agreement-in-principle-reached-live","status":"publish","type":"post","link":"https:\/\/theglobalherald.com\/news\/debt-ceiling-deal-kevin-mccarthy-provides-update-after-agreement-in-principle-reached-live\/","title":{"rendered":"Debt ceiling deal: Kevin McCarthy provides update after “agreement in principle” reached | LIVE"},"content":{"rendered":"\n\t\t\n\t\t\n\t\t<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n\t\t<iframe loading=\"lazy\" title=\"Debt ceiling deal: McCarthy calls bill &quot;transformational,&quot; says Congress to spend less money | FULL\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/5e4WkpdSArM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n\t\t<\/div><\/figure>\n\t\t\n\t\t\n\t\t<p>Global News published this video item, entitled “Debt ceiling deal: Kevin McCarthy provides update after “agreement in principle” reached | LIVE” – below is their description.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>U.S. House Speaker Kevin McCarthy is expected to provide an update Sunday after he announced late Saturday that an “agreement in principle” had been reached to raise America\u2019s debt limit before federal funds potentially run dry early next month.<\/p><p>\u201cWe still have a lot of work to do,\u201d McCarthy said on Saturday night, indicating to reporters that \u201cthe writing of it\u201d was still left to be done in the evening.<\/p><p>The Associated Press reported that central to the package is a two-year budget deal that would hold spending flat for 2024 and impose limits for 2025 in exchange for raising the debt limit for two years, pushing the volatile political issue past the next presidential election.<\/p><p>Negotiators agreed to some Republican demands for enhanced work requirements on recipients of food stamps that had sparked an uproar from House Democrats as a nonstarter.<\/p><p>For more info, please go to <a href=\"https:\/\/globalnews.ca\/news\/9728175\/debt-ceiling-deal-agreement-in-principle\/\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/globalnews.ca\/news\/9728175\/debt-ceiling-deal-agreement-in-principle\/<\/a><\/p><p>Subscribe to Global News Channel HERE: <a href=\"http:\/\/bit.ly\/20fcXDc\" target=\"_blank\" rel=\"nofollow noopener\">http:\/\/bit.ly\/20fcXDc<\/a><\/p><p>Like Global News on Facebook HERE: <a href=\"http:\/\/bit.ly\/255GMJQ\" target=\"_blank\" rel=\"nofollow noopener\">http:\/\/bit.ly\/255GMJQ<\/a><\/p><p>Follow Global News on Twitter HERE: <a href=\"http:\/\/bit.ly\/1Toz8mt\" target=\"_blank\" rel=\"nofollow noopener\">http:\/\/bit.ly\/1Toz8mt<\/a><\/p><p>Follow Global News on Instagram HERE: <a href=\"https:\/\/bit.ly\/2QZaZIB\" target=\"_blank\" rel=\"nofollow noopener\">https:\/\/bit.ly\/2QZaZIB<\/a><\/p><p>#GlobalNews #US #debtceiling<\/p><cite>Global News YouTube Channel<\/cite><\/blockquote><p>Got a comment? 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Please note comments are moderated before publication.<\/p>","protected":false},"excerpt":{"rendered":"<p>Global News published this video item, … <\/p>\n<p class=\"read-more-container\"><a title=\"Debt ceiling deal: Kevin McCarthy provides update after “agreement in principle” reached | LIVE\" class=\"read-more button\" href=\"https:\/\/theglobalherald.com\/news\/debt-ceiling-deal-kevin-mccarthy-provides-update-after-agreement-in-principle-reached-live\/#more-4635467\" aria-label=\"Read more about Debt ceiling deal: Kevin McCarthy provides update after “agreement in principle” reached | LIVE\">Read More<\/a><\/p>\n","protected":false},"author":111,"featured_media":4635476,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21],"tags":[4571,30,1991,8987,1318,6204,7155,3660,3617,5818,1337],"news-source":[15165],"acf":[],"class_list":["post-4635467","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-associated-press","tag-budget","tag-debt","tag-democrats","tag-election","tag-federal","tag-funds","tag-presidential-election","tag-republican","tag-stamps","tag-the-package","news-source-global-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/theglobalherald.com\/wp-json\/wp\/v2\/posts\/4635467"}],"collection":[{"href":"https:\/\/theglobalherald.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/theglobalherald.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/theglobalherald.com\/wp-json\/wp\/v2\/users\/111"}],"replies":[{"embeddable":true,"href":"https:\/\/theglobalherald.com\/wp-json\/wp\/v2\/comments?post=4635467"}],"version-history":[{"count":0,"href":"https:\/\/theglobalherald.com\/wp-json\/wp\/v2\/posts\/4635467\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/theglobalherald.com\/wp-json\/wp\/v2\/media\/4635476"}],"wp:attachment":[{"href":"https:\/\/theglobalherald.com\/wp-json\/wp\/v2\/media?parent=4635467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/theglobalherald.com\/wp-json\/wp\/v2\/categories?post=4635467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/theglobalherald.com\/wp-json\/wp\/v2\/tags?post=4635467"},{"taxonomy":"news-source","embeddable":true,"href":"https:\/\/theglobalherald.com\/wp-json\/wp\/v2\/news-source?post=4635467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}