Biden, McCarthy reach debt ceiling deal to avoid default: Here’s what’s in it
President Joe Biden and House Speaker Kevin McCarthy have reached a much-awaited budget detail, averting a potentially catastrophic U.S. default just days ahead of a June 5 deadline. Both sides are expected to point to some victories in the bill. Biden said Sunday the bill “represents a compromise, which means no one got everything they wanted.” The House released the 99-page text of the deal Sunday evening.