Florida Sen. Rick Scott on debt limit bill
Florida Republican Sen. Rick Scott told CBS News congressional correspondent Nikole Killion he could not support the debt limit bill heading for a House vote Wednesday night.
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Florida Republican Sen. Rick Scott told CBS News congressional correspondent Nikole Killion he could not support the debt limit bill heading for a House vote Wednesday night.
CBS News' Nikole Killion spoke with New York Rep. Ritchie Torres, a member of the Congressional Progressive Caucus, Wednesday afternoon about the upcoming House vote on the debt limit bill.
Even before the debt limit bill comes to a vote in the House, some Republican senators are coming out against the "Fiscal Responsibility Act." CBS News congressional correspondent Scott MacFarlane spoke with Kentucky Republican Sen. Rand Paul about his thoughts on the legislation.
Senate Republicans spoke with reporters Wednesday afternoon about the debt ceiling deal reached by House Speaker Kevin McCarthy and President Biden. Senate Minority Leader Mitch McConnell says he anticipates the bill will pass in the House.
House Freedom Caucus members are unhappy with the debt ceiling deal between House Speaker Kevin McCarthy and President Biden.
Lawmakers are under pressure to accept the agreement struck by President Biden and House Speaker Kevin McCarthy, but more than two dozen are vowing to reject it. The debt deal is bound for the House floor Wednesday after clearing the powerful Rules Committee Tuesday night by one vote. CBS News congressional correspondent Nikole Killion and CBS News senior White House correspondent Weijia Jiang have the latest from Washington.
Rep. Thomas Massie broke with two other conservatives on the House Rules Committee to advance the legislation to the House floor.
Some House Republicans have lashed out at Speaker Kevin McCarthy over the deal to raise the debt limit negotiated with the White House. Some have threatened to withhold support for the bill and try to oust McCarthy from his position. Scott MacFarlane reports.
After President Biden brokered a deal with Speaker McCarthy to raise the debt ceiling by $4 trillion, they spent the weekend trying to secure enough votes to pass the bill by the June 5 deadline. Scott MacFarlane reports.
President Biden spoke to reporters Monday about the debt ceiling deal he reached over the weekend with House Speaker Kevin McCarthy. Biden said he felt "very good" about the prospects of Congress passing the deal.
Congress is set to vote this week on a bipartisan agreement to suspend the debt ceiling and avert a potential government default. CBS News congressional correspondent Scott MacFarlane has more on what's in the deal that was hammered out over the weekend.
President Joe Biden and House Speaker Kevin McCarthy announced late Saturday that they had reached an agreement in principle to raise the debt ceiling. Democratic House Minority Leader Hakeem Jeffries tells "Face the Nation" that he expects his caucus to vote for the deal because it "protects" Social Security, Medicare, Medicaid, veterans and the "American people."
President Biden and House Speaker McCarthy both expressed optimism that they would be able to get their respective parties on board for the debt ceiling plan they negotiated. Natalie Brand has the latest.
After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.
The House Democratic leader said he can guarantee the U.S. will not default on its debt.
Treasury Secretary Janet Yellen announced Friday that the estimated deadline that the government could begin to default on its debts has been pushed back from June 1 to June 5, giving negotiators an extra four days to reach a deal on raising the nation's debt ceiling. House Speaker Kevin McCarthy has expressed optimism that it will get done in time. CBS News congressional correspondent Scott MacFarlane has the latest.
House Speaker Kevin McCarthy says he has directed his team of negotiators to work "24/7" with the White House until they reach a deal on raising the debt ceiling. CBS News senior White House correspondent Weijia Jiang has the latest.
Another day and still no deal between President Biden and congressional leaders as we creep closer to the estimated date the Treasury Department says the U.S. will exceed its borrowing limits. CBS News senior White House correspondent Weijia Jiang and CBS News congressional correspondent Scott MacFarlane join with the latest updates from Capitol Hill.
There's still no deal to raise the debt ceiling, but both sides say the latest negotiations were "productive." CBS News congressional correspondent Nikole Killion talked with House Speaker Kevin McCarthy, who's at the center of negotiations, Thursday morning at the Capitol.
Debt ceiling talks are continuing on Capitol Hill with just a week left until the Treasury secretary warns the U.S. could default. CBS News chief White House correspondent Nancy Cordes talked about the negotiations with Bharat Ramamurti, deputy director of the National Economic Council and adviser for strategic economic communications.
We're just a week away from the June 1 deadline when Treasury Secretary Janet Yellen says the U.S. could begin defaulting if the debt ceiling isn't raised. Both sides say negotiations Wednesday remained "productive," but there is still no deal, with the House set to begin a week-long Memorial Day recess. CBS News chief White House correspondent Nancy Cordes has more.
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The White House and Republican congressional leaders are continuing to negotiate in an effort to prevent an unprecedented debt default, which could happen as soon as next week. House Democrats have signed a petition to raise the debt ceiling.