Posted BY: | NwoReport

Steve Bannon slammed House Speaker Kevin McCarthy‘s deal with President Joe Biden to raise the country’s debt ceiling as a “total surrender” by Republicans.

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Following weeks of negotiations, Biden and McCarthy announced a tentative deal on Saturday night to raise the $31.5 trillion debt limit for two years while also cutting federal spending, just days before the United States is set to default on its commitments—which experts say would have devastating impacts to the global economy. The deal will extend the debt limit until January 2025, cap spending in the 2024 and 2025 budgets, repeal unused COVID-19 relief funds, cut Internal Revenue Service (IRS) funding and add work requirements for food aid programs, CNN reported.

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