Worthy Christian News > US News > Republicans, Obama Agree on Debt Extension Until 2017

Republicans, Obama Agree on Debt Extension Until 2017

Tuesday, October 27, 2015 | Tag Cloud Tags: Barack Obama, debt, Democrat, John Boehner, News, Republican, Washington, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs! | Printer Friendly

(Worthy News) – President Barack Obama and top lawmakers from both parties reached a tentative budget agreement that would avert a U.S. debt default and reduce chances of a government shutdown, easing years of political friction over fiscal policy in Washington.

“It’s going to pass with a bipartisan majority, and I’ll be really happy,” House Speaker John Boehner, who is set to give up his gavel his week to Ways and Means Chairman Paul Ryan, told reporters Tuesday. The House plans to vote Wednesday, a day before the speaker election, Boehner said.

The accord, also praised by Democratic leaders, would extend U.S. borrowing authority until March 2017 and prevent a default as soon as next week. It would include a two-year deal on defense and non-defense spending levels, with details to be worked out later before current funds expire Dec. 11. The plan was posted on the House website Monday night. [ Source ]

Stay informed, prayerful, and encouraged — receive the Worthy Brief by email.

people are currently praying.

Worthy News reports from a biblical worldview with a commitment to accuracy, transparency, and editorial independence. Learn more about About Worthy News, our Editorial Standards, AI Use Policy, Ownership of Worthy News, News Tips and Corrections, and Worthy News Staff.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Latest Worthy News

U.S. Jobless Claims Remain Low as Labor Market Holds Steady

WHO Warns Congo Ebola Outbreak Could Become Deadliest in History

Israel Resumes Preemptive Gaza Strikes as Hamas Disarmament Deal Stalls

Trump Administration Announces $2 Billion for Christian Aid Groups After USAID Overhaul

Danube Nuclear Crisis Deepens As Hungary Questions Russian Expansion (Worthy News In-Depth)

U.S. Sending Fresh Aircraft Carrier to Middle East

Mecca Defense Pact Signals New Muslim Military Alliance Beyond U.S. and Israel

U.S. Credit Card Debt Surges to $1.26 Trillion as Americans Lean Heavier on Borrowing

Israel Unveils Next Generation of Low-Cost Autonomous Attack Drones

Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.