Debt ceiling: What's in, what's out of the deal to avert US default

Debt ceiling: What's in, what's out of the deal to avert US default

House Speaker Kevin McCarthy of Calif., speaks with members of the press about debt limit negotiations

After an agreement in principle was reached, negotiators are racing to finalize the bill’s text.

 | AP

President Joe Biden and House Speaker Kevin McCarthy have reached an agreement in principle on legislation to increase the nation’s borrowing authority and avoid a federal default.

Negotiators are now racing to finalize the bill’s text. McCarthy...

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