The deal finalized to raise the nation’s debt limit on Sunday between Pres. Joe Biden and House Speaker Kevin McCarthy would reinstate student loan payments and the accrual of interest for millions of Americans. The agreement, the text unveiled after weeks of negotiations between the White House and GOP leaders, would end the ongoing pause of monthly payments and interests after August 30.
Tag: Speaker McCarthy
President Joe Biden will meet with congressional leaders to reach an agreement on how to address the looming debt ceiling crisis. Republicans want to raise the limit on the country’s borrowing authority in exchange for spending cuts, while Democrats, including Biden, want to increase the debt limit without any conditions attached.