Biden, McCarthy Come to Provisional Deal to Raise $31.4T Debt Ceiling Just Days Until Default

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Biden, McCarthy Come to Provisional Deal to Raise $31.4T Debt Ceiling Just Days Until Default
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The provisional agreement brings the country closer to averting a catastrophic default, but congressional leaders will need to wrangle support from both parties.

just before 9 p.m. In a news conference that evening, McCarthy said there was “more work to do tonight to finish all the writing of it.” He’s pledged to release the text of the agreement sometime on Sunday., Biden called the deal “an important step forward that reduces spending while protecting critical programs for working people and growing the economy for everyone.” He urged the House and Senate to immediately pass the agreement.

McCarthy says he’ll give House members three days to read the bill before it comes to a vote on Wednesday.

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