Several news outlets are reporting that President Joe Biden and House Speaker Kevin McCarthy have reached a tentative deal to raise the nation's debt ceiling, narrowly avoiding the first default in United States history. Following a months-long standoff, the two sides reportedly struck a deal to raise the nation's $31.4 trillion debt ceiling.
Several news outlets are reporting that President Joe Biden and House Speaker Kevin McCarthy have reached a tentative deal to raise the nation's debt ceiling, narrowly avoiding the first default in United States history. Following a months-long standoff, the two sides reportedly struck a deal to raise the nation's $31.4 trillion debt ceiling.