- President Biden and House Speaker Kevin McCarthy on Saturday night reached an “agreement in principal” on a budget and to raise the debt ceiling.
- Both acknowledged that getting it passed in the GOP-led House and Democrat-controlled Senate would be a challenged and they urged lawmakers to vote yes in the spirit of compromise and for Americans.
- By Sunday morning, essentially every major caucus on Capitol Hill raised objections to the deal.
- “We still have a lot of work to do but I believe this is an agreement in principle that’s worthy of the American people,” McCarthy said.
- Said Biden: “The agreement represents a compromise, which means not everyone gets what they want,” Biden said in the statement. “That’s the responsibility of governing.”
