Budget and Debt Limit Deal Near as Biden and McCarthy Reach Agreements
TL;DR Summary
The White House and GOP negotiators are reportedly close to reaching a deal on a debt-ceiling increase to prevent a government default, with both sides expressing confidence that they are within striking distance of a compromise. However, major sticking points remain, such as the GOP's demand for increased work requirements on public benefits programs, which House liberals are adamantly opposed to. Another potential sticking point revolves around the fate of $80 billion for the IRS that Biden and the Democrats approved last year.
- White House, GOP getting ‘very close’ to budget and debt limit deal The Hill
- The latest on the debt ceiling impasse and the default deadline: Live updates CNN
- Biden and McCarthy have come to some agreements on spending, a source tells NPR NPR
- Debt-limit talks still full of drama, but may be nothing BUT theater New York Post
- Kevin McCarthy's Hardest Job Will Be Selling a Debt-Limit Deal to Conservatives Barron's
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