The Biden administration and congressional negotiators led by House Speaker Kevin McCarthy have still not reached a deal on raising the debt limit and cutting spending.
'Special Report' panelists discuss the ongoing debt limit talks as House Speaker Kevin McCarthy and President Biden face off with the June 1 deadline quickly approaching.and lawmakers from Capitol Hill told Fox News Digital the two sides had"not agreed" on any of the top line items or a one or two year extension of the debt limit as talks continued into Thursday night.
According to the source, the two sides could not agree on any components until there was an agreement on defense and non-defense discretionary spending. Other reports said the negotiating parties were nearing a deal on raising the debt limit and cutting spending as the talks continued. The New York Times reported that the potential deal would provide a two-year increase in the debt limit and cap on all non-defense and veteran-related federal spending. Spending on
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