28-05-2023 01:14 via ctvnews.ca

Biden and McCarthy reach a final deal to avoid U.S. default and now must sell it to Congress

With days to spare before a potential first-ever government default, President Joe Biden and House Speaker Kevin McCarthy reached final agreement Sunday on a deal to raise the nation's debt ceiling and worked to ensure enough Republican and Democratic votes to pass the measure in the coming week. The Democratic president and Republican speaker spoke with each other Sunday evening as negotiators rushed to draft and post the 99-page bill text so lawmakers can review compromises that neither the ha
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