Republicans and Democrats Near Deal on Debt Ceiling Amidst Opposition.

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Source: The New York Times
Republicans and Democrats Near Deal on Debt Ceiling Amidst Opposition.
Photo: The New York Times
TL;DR Summary

White House and congressional Republican negotiators are working to reach a deal to raise the nation's debt ceiling and avert a fiscal crisis, with complaints growing among hard-right Republicans that President Biden had gained the upper hand in the talks. The parties are either "hours or days" away from an agreement, according to a top negotiator. It is becoming more apparent that House Speaker Kevin McCarthy would need Democrats to support whatever deal he cuts with President Biden to pass the legislation, as lawmakers from the ultraconservative House Freedom Caucus harshly criticized the contours of the emerging deal.

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