Biden and McCarthy Reach Debt Ceiling Deal to Avert U.S. Default

With the government on track to reach its borrowing limit within days, negotiators sealed an agreement to raise the debt ceiling for two years while cutting and capping certain federal programs.

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Biden and McCarthy Reach Debt Ceiling Deal to Avert U.S. Default
With the government on track to reach its borrowing limit within days, negotiators sealed an agreement to raise the debt ceiling for two years while cutting and capping certain federal programs.

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