Joe Biden and Kevin McCarthy in Washington DC in March.Drew Angerer/Getty Images Joe Biden and House Speaker Kevin McCarthy reached an agreement Saturday night on the debt ceiling. The deal will allow government borrowing to rise and avoid a default ahead of a June 5 deadline. Negotiators are now racing to finalize the bill's text ahead of a vote in the House Wednesday. WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy reached an agreement in principle Saturday on legislation to increase the nation's borrowing authority and avoid a default.Negotiators are now racing to finalize the bill's text.
What's In The Debt Ceiling Deal – and What's Been Left Out?
insider@insider.com (Insider Inc.), Business Insider
Sun, 05/28/2023 - 1:30am
Topics: washington dc march drew angerer/getty images negotiators washington ap president joe biden social security medicare house republicans medicaid supplemental nutrition assistance program snap white house national environmental policy act business insider joe biden kevin mccarthy house speaker kevin mccarthy june house democrats republican biden supreme court deal left debt ceiling agreement requirements work proposed increase legislation people student fund programs food avoid deadline wednesday vote finalize text sought saturday reached bill government racing borrowing conservatives details loans spending place veterans lead year budget toxic time
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