Biden, McCarthy reach tentative US debt ceiling deal By Reuters

⚠️BREAKING: *BIDEN, MCCARTHY REACH TENTATIVE U.S. DEBT CEILING DEAL 🇺🇸🇺🇸

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Biden, McCarthy reach debt limit agreement, per reportsPresident Joe Biden has reportedly struck a deal with House Speaker Kevin McCarthy to avoid plunging the United States into default.
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AP source: Biden, McCarthy reach 'agreement in principle' to raise debt ceiling as default loomsPresident Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis. That's according to a person familiar with the situation, who spoke on condition of anonymity because they were not authorized to speak publicly on the matter. They spoke by phone earlier in the evening as they raced to prevent a catastrophic debt default. With the outline of an agreement, a legislative package can be drafted in time for votes in Congress next week. That's ahead of a projected June 5 federal default. Negotiators have wrangled over a deal that would also making spending cuts that House Republicans are demanding.
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AP source: Biden, McCarthy reach 'agreement in principle' to raise debt ceiling as default loomsWASHINGTON — President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle” late Saturday as they raced to strike a deal that to limit federal spending and resolve the looming debt crisis ahead of a June 5…
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