GOP Speaker McCarthy Allegedly Caved And Debt Ceiling Deal Was Reached Through Handshake

House Speaker Kevin McCarthy said Friday that negotiators “made progress” on an agreement with the White House to raise the debt limit as they race to close out a deal ahead of a looming deadline to avert a potentially catastrophic default.

McCarthy told reporters at the Capitol that there is still more work to do.

The two sides are narrowing on a two-year agreement that would curb federal spending and lift the borrowing limit ahead of a deadline as soon as June 1 when the Treasury could run out of money to pay the nation’s bills.

President Joe Biden and the Republican speaker hope to strike a budget compromise this weekend. Any deal would need to be a political compromise, with support from both Democrats and Republicans to pass the divided Congress.

A person familiar with the talks said the two sides are “dug in” on whether or not to agree to Republican demands to impose stiffer work requirements on people who receive government food stamps, cash assistance, and health care aid, some of the most vulnerable Americans.

Yet both Biden and McCarthy expressed optimism heading into the weekend that the gulf between their positions could be bridged. A two-year deal would raise the debt limit for that time, past the 2024 presidential election.

However, Twitter Spaces which become famous for reporting big news ahead of everyone are giving totally different report from inside sources!

MULTIPLE reliable sources indicate that a resolution to the ongoing debt ceiling crisis is just around the corner.

Key negotiators reportedly agreed in principle to a deal last night, reinforced earlier today.

There was a meeting on the Republican side this morning finalizing small details, and the announcement is expected at a press conference later today or tomorrow.

Sources are people involved in the deal

There will be a 3% increase in defense spending

THIS NEWS BROKE ON TWITTER SPACE – (full recording below)

Disclaimer: This is an informational update, not financial advice.

Here’s the recording below:

Sources with direct contact with the speaker’s office confirmed that some information will be made public over the next couple of hours

The caucus was just informed this morning.

Early rumblings from members about making a motion against the speaker

This news just broke on the ongoing space, again!

Twitter Spaces is replacing mainstream media in real-time.

Natalie Dagenhardt

Natalie Dagenhardt is an American conservative writer who writes for  Right Journalism! Natalie has described herself as a polemicist who likes to "stir up the pot," and does not "pretend to be impartial or balanced, as broadcasters do," drawing criticism from the left, and sometimes from the right. As a passionate journalist, she works relentlessly to uncover the corruption happening in Washington. She is a "constitutional conservative".

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3 months ago

potentially “catastrophic” default, you might want to change your name to Left Journalism.

3 months ago

McCarthy was installed (just like Biden) because he is of the deep state. Does anyone doubt that the Democrats will get what they want, in the end?

Ben Colder
Ben Colder
3 months ago

If McCarthy caved I hope they remove him as speaker I hope its not true but I will bet it is .I have been afraid of this all along but of course it could be a communist lie just to get guys like me all pissed off if its true I am done to hell with the RINOs and to hell with the communists .Let the revolution begin,

3 months ago

Both sides will end up griping and life will go on.