Biden and McCarthy strike debt ceiling deal with consequences.
TL;DR Summary
President Joe Biden has reached a deal with Senate Democrats and Republicans to raise the US debt ceiling, avoiding a potential default. However, the deal comes at a cost, with Democrats agreeing to a compromise that will fund the government only until December 3, 2021, and Republicans refusing to support any increase in spending. The US debt crisis remains a contentious issue, with both parties continuing to debate the best course of action.
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- Debt ceiling deal should include spending cuts across the entire government The Hill
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