Joe Biden, GOP reach debt-ceiling deal. Now Congress must approve it ...Middle East

Business Standard - Economy
Joe Biden, GOP reach debt-ceiling deal. Now Congress must approve it
source : Business Standard ( Middle East ) () 66
An agreement in principle between President Joe Biden and House Speaker Kevin McCarthy would raise the nation's legal debt ceiling, but now Congress has only days to approve a package that includes spending cuts and would avert a potentially disastrous US default. The compromise announced late Saturday risks angering both Democratic and Republican lawmakers as they begin to unpack the concessions. Negotiators agreed to some Republican demands for increased work requirements for recipients of food stamps that House Democrats had called a nonstarter. But bargainers stopped short of greater spending cuts overall that Republicans wanted. Support from both parties will be needed to win congressio

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