declared Donald Trump the President of the United States and Joe Biden a “wannabe dictator,” Fox News once again is under fire, this time for an article and corresponding social media post that claimed “critics” say the LGBTQ pride flag “promotes grooming and pedophilia.”The White House in a rare move slammed the far-right wing propaganda network, which focused its article on an LGBTQ Pride flag hanging from the White House portico during President Biden’s LGBTQ Pride event this past weekend.Today, the People’s House – your house – sends a clear message to the country and to the world.America is a nation of pride. pic.twitter.com/ZZS9oTpDww— President Biden (@POTUS) June 11, 2023According to multiple reports, the initial headline on the Fox News article written by Kerry J.
White House And Republicans Reach Agreement In Principle To Raise Debt Ceiling And Avert Default
28.05.2023 - 01:19 / deadline.com
The White House and House Republicans reached an agreement in principle on Saturday to raise the debt ceiling and avert a default.
House Speaker Kevin McCarthy said that after speaking with President Joe Biden, they had “come to an agreement in principle that is worthy of the American people.”
He told reporters that he planned to brief members and post the text of the bill on Sunday. McCarthy did not go into details, but said that the deal was for “historic reductions in spending.”
The agreement was reached with little time to spare, given a deadline of June 5. That is the date that Treasury Secretary Janet Yellen said that the U.S. government will default on its debt if the $31.4 trillion debt ceiling is not raised.
For months, Biden and McCarthy have been engaged in a high stakes game of political brinksmanship. The president initially said that he would not engage in negotiations over anything other than a raising of the debt limit, warning of the dire consequences that would result to the U.S. and world economy should the country default. McCarthy, elected after making a series of concessions to the party’s right wing, has sought budget cuts and other concessions in exchange for rallying his caucus members to vote to raise the ceiling, something that his detractors, as well as Rep. Matt Gaetz (R-FL) have compared to a form of hostage taking.
“We now estimate that Treasury will have insufficient resources to satisfy the government’s obligations if Congress has not raised or suspended the debt limit by June 5,” Yellen wrote on Friday. She had previously estimated the date as early as June 1, but provided an update as negotiations continued this week.
Wall Street markets closed higher on Friday in anticipation of a
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