Biden, the GOP reached a debt-ceiling deal, now Congress must approve it to prevent calamitous default
Published Sunday, May 28, 2023 | 3:04 am
Updated 0 milliseconds ago
WASHINGTON (AP) — President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle” to raise the nation’s legal debt ceiling, but now Congress must rush to approve the spending cuts package in a matter of days to avert a potentially disastrous US default .
The agreement risks angering both Democratic and Republican sides as lawmakers Sunday begin to unpack the concessions made to compromise. Negotiators agreed to some Republican demands for increased work requirements for recipients of food stamps that had sparked an uproar from