principles of dealing with the changing world order

“That’s the responsibility of governing,” he said.īiden called the agreement “good news for the American people, because it prevents what could have been a catastrophic default and would have led to an economic recession, retirement accounts devastated, and millions of jobs lost.” “The agreement represents a compromise, which means not everyone gets what they want,” Biden said in a statement late Saturday night. The country and the world have been watching and waiting for a resolution to a political standoff that threatened the U.S. The Democratic president and Republican speaker reached the agreement after the two spoke earlier Saturday evening by phone. Support from both parties will be needed to win congressional approval next week before the government’s projected June 5 debt default. Negotiators agreed to some Republican demands for increased work requirements for recipients of food stamps that had sparked an uproar from House Democrats as a nonstarter. However, the agreement risks angering both Democratic and Republican sides with the concessions made to compromise. WASHINGTON (AP) - President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle” to raise the nation’s legal debt ceiling late Saturday as they raced to strike a deal to limit federal spending and avert a potentially disastrous U.S.

Principles of dealing with the changing world order