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The DEBT CEILING Deal - We Lose Again | Your Update on the WAR IN UKRAINE
President Joe Biden and House Republican speaker, Kevin McCarthy, have reached a preliminary agreement to raise the federal government's $31.4tn debt ceiling, averting an imminent default. The deal, which reportedly raises the debt limit for two years, still requires approval from a divided Congress. Despite challenges, both leaders have hailed the agreement as a crucial compromise, protecting key Democrat priorities and reflecting an arrangement 'worthy of the American people.'
The details of the agreement, while not yet fully confirmed, indicate that it will stave off further debt crises until after the 2024 presidential election. It aims to safeguard vital programs and stimulate economic growth while also reducing spending and implementing reforms to aid poverty-stricken individuals. However, bipartisan support may be necessary to pass the proposal in Congress. The deal also seeks to prevent a potential economically destabilizing default if the debt ceiling isn't raised by 5 June.
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In this video, we provide a comprehensive update on the ongoing conflict between Ukraine and Russia, focusing on the current stalemate as both sides remain locked in an impasse. We shed light on the heightened anticipation for a potential Ukrainian counter-offensive, discussing military strategies, possible implications, and the broader geopolitical landscape. The video is a crucial watch for anyone seeking an in-depth understanding of this pressing international issue. Tune in to stay informed about this evolving situation, and remember to like, share, and subscribe for more updates.
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