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

Newsy

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ViewPresident 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, R-Calif., said the House will vote on the legislation on Wednesday,...

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