Biden and McCarthy reach a final deal to avoid default (AUDIO)
newscatcher
2023-05-29 05:30
Biden and McCarthy reach a final deal to avoid default (AUDIO)
WASHINGTON (AP) — With days to spare before a potential first-ever government default, President Joe Biden and House Speaker Kevin McCarthy reached final agreement Sunday on a deal to raise the nation's debt ceiling and worked to ensure enough Republican and Democratic votes to pass the measure in the coming week . The Democratic president and Republican speaker spoke with each other Sunday evening as negotiators rushed to draft and post the 99-page bill text so lawmakers can review compromises that neither the hard-right or left flank is likely to support.

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