Biden, McCarthy Strike Tentative Debt Ceiling Deal

  • President Biden and House Speaker Kevin McCarthy have struck a tentative deal to raise the debt ceiling on Saturday night, sources close to the talks have said.
  • The deal to raise the government’s $31 trillion debt ceiling concludes a months-long stalemate between the White House and House Republicans.
  • The tentative deal was revealed following a 90-minute phone call between Biden, who is currently at Camp David, and McCarthy, who is in Washington.
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