🚨 BREAKING: House Republicans have an agreement in principle with the White House on a debt-limit..

[demmiblue]

🚨 BREAKING: House Republicans have an agreement in principle with the White House on a debt-limit deal.

Member call at 9:30 p.m.

Link to tweet

White House, Republicans Reach Deal to Avert US Default

White House and Republican negotiators reached a tentative deal to raise the US debt ceiling and avert a default that threatened to send tremors through the global economy, according to people familiar.

President Joe Biden and House Speaker Kevin McCarthy must now shepherd the framework deal, negotiated in extended discussions, to final legislative passage over the objections of hardline lawmakers in both parties. There’s little margin for error, with Treasury Secretary Janet Yellen warning that an extension must be finalized by June 5 to avoid a historic default that would send borrowing costs soaring.

https://www.bloomberg.com/news/articles/2023-05-28/white-house-republicans-reach-deal-to-avert-historic-us-default

[AllaN01Bear]

1. what did we loose?

[RandySF]

2. I'm dreading this.

[Beautiful Disaster]

3. Not as much as defaulting.

There really were only two options: default or strike a deal. Defaulting wasn't going to happen.

[AZSkiffyGeek]

4. But I read here that defaulting was okay, because people would vote for Biden afterwards

Who cares about the global economy, as long as we don't show weakness or something.

[Beautiful Disaster]

7. Right?

It's scary how out of step some people are. If we defaulted, and the economy crashed, Biden would get the blame as the president. The president ALWAYS gets the blame over economic conditions. It's why Obama barely won reelection despite his presidency starting AFTER the Great Recession! But by 2012, the growth wasn't strong enough that people were seriously ready to hand the presidency back to the Republicans!

If the economy collapsed, and plunged the US into a massive recession, Biden's ratings would sink and he'd become dangerously vulnerable to losing reelection. Like, at that point I'd pretty much guarantee it.

[Celerity]

9. I must have missed that.

Do you have some examples?

[AZSkiffyGeek]

12. I'm not calling anyone out

But it's an OP from this past week.

[Cha]

13. Who cares about our Fucking

Social Security Checks that we live on to Exist?!

Clue.. I do & Millions of others in the same Scary boat.

[Bleacher Creature]

14. Yep.

I really believe that a default is the greatest threat to Biden's re-election. People just assume that the public will rightly assign the blame to Republicans, but I don't put that much faith in the electorate, especially given the likely fallout.

[Mr.Bill]

22. True. Remember,

we wre talking about people dumb enough to vote for Trump twice, and now a third time.

[Happy Hoosier]

19. And now we are in a position...

… where the bad guys know we will cave if they threaten default.

[Beautiful Disaster]

27. As opposed to what?

Not caving, the economy collapsing and Biden getting beat by Trump next year?

In that scenario, the bad guys win outright.

[Happy Hoosier]

28. I don't think that would happen.

I think the GQP would get roasted for it.

[mcar]

18. I trust Biden and Harris

[RandySF]

25. As do I.

But I know we had to give something up.

[Matthew28]

5. As long as there's no work requirment

and no decrease in ssi payments for 2023 or 2024 I can live with democrats backing this....It is better then defaulting.

[Beautiful Disaster]

8. + if it's unspecified cuts, as what was being floated earlier, that's a huge win.

[Beachnutt]

6. trump loses again

twice in one day...

[Cha]

16. That's right..... Fucker want the

US to Default.. for him and for Putin

[FakeNoose]

10. We need to make sure that Kevin McCarthy gets -ZERO- credit for solving this clusterfuck

Kevin must be spanked silly, until he finally admits that the Repukes created 99.9% of this ridiculous mess.

[In It to Win It]

11. I trust Biden did a "good enough" deal, DRAFT IT! PASS IT! RFN!!!

[AZSkiffyGeek]

20. There seem to be a lot of people who think he's a fool or something

I can't believe that every piece of good news here is immediately greeted with the assumption that it won't matter at best, or that he got played by the Rs at worst.

[Marius25]

21. Well, Biden still believes in bipartisanship.

A lot of us don't, because we don't believe you can be bipartisan with fascists.

[AZSkiffyGeek]

23. And like clockwork, there it is...

Not surprising, really.

[JohnSJ]

15. I suspect this is now all drama for the masses, and it will pass, regardless of the horse race the

media will play on this

[Takket]

17. gop internal polling must have told them america wasn't going to hold Biden responsible for default

so thank the people for forcing the gop to make a deal on this, because i'll always believe if they thought default would ruin biden, they would have done it

[Buckeyeblue]

29. That's what I think too

Because their tone changed pretty quickly.

[angrychair]

24. I'll reserve judgement

Until the "deal" is public.

Sorry, I have faith in Democrats but not in Republicans. If Republicans think anything is a good deal it should be met with significant scepticism because it's going to be very bad for everyone else.

Compromise is great as long as you're not the one being compromised.

[BlueWaveNeverEnd]

26. rightwingers will be angry ...they want US to default

[Tickle]

30. The system worked the way it was meant to.

Compromise together just like Biden said. We are a multi party system but run by two parties. each side has the right to be heard and listened to. Joe Biden is the best and he knows how to protect us

[UCmeNdc]

31. It is time to put these Republicans out of office!!!!! whatever means necessary!!!!!

Vote the GOP Bums Out!!!!