- Jun 24, 2003
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Pres. Biden and House Speaker McCarthy have agreed to a bill that will prevent a government default. Details in the link:
Debt ceiling deal: What's in, what's out of the bill to avert US default
Of course, it's a compromise. Neither side gets everything it wanted. That's as it should be. It will still have to pass both houses of Congress, but it should squeak by. No sane legislator wants the country to default. Of course, SS and Medicare are unchanged. Most all working people still have to pay FICA. So my sincere thanks go to all you guys out there for helping to fund my retirement.
Debt ceiling deal: What's in, what's out of the bill to avert US default
Of course, it's a compromise. Neither side gets everything it wanted. That's as it should be. It will still have to pass both houses of Congress, but it should squeak by. No sane legislator wants the country to default. Of course, SS and Medicare are unchanged. Most all working people still have to pay FICA. So my sincere thanks go to all you guys out there for helping to fund my retirement.