Biden and GOP agree on debt-ceiling deal to avoid default.
TL;DR Summary
President Joe Biden and House Speaker Kevin McCarthy have reached an "agreement in principle" to raise the nation's legal debt ceiling, but Congress must approve the spending cuts package in a matter of days to avert a potentially disastrous U.S. default. The agreement risks angering both Democratic and Republican sides as lawmakers Sunday begin to unpack the concessions made to compromise. Support from both parties will be needed to win congressional approval before a projected June 5 government default on U.S. debts.
- Biden, GOP reach debt-ceiling deal, now Congress must approve it to prevent calamitous default The Associated Press
- Biden and McCarthy Reach Debt Ceiling Deal to Avert U.S. Default The New York Times
- BREAKING: Biden and McCarthy reach a tentative deal to raise the debt ceiling MSNBC
- Debt ceiling deal should include spending cuts across the entire government The Hill
- Breakingviews - Economic stability hangs on US love of BBQ Reuters
Reading Insights
Total Reads
0
Unique Readers
17
Time Saved
4 min
vs 5 min read
Condensed
90%
834 → 82 words
Want the full story? Read the original article
Read on The Associated Press