House Speaker Kevin McCarthy (R-CA) and President Joe Biden have come to an agreement on raising the debt ceiling, McCarthy announced Saturday night.
The tentative agreement, which includes raising the debt ceiling through the next two years in exchange for some of Republicans’ desired spending cuts and other concessions, comes after days of tense negotiations.
McCarthy said in a brief press conference that while they still have to spend the evening ironing out details and that text of the bill will come Sunday, he said he believes the agreement is “worthy of the American people.”
Republicans are poised to deliver big, consequential change in Washington. Soon, we will vote for a responsible debt limit agreement that stops Democrats’ reckless spending, claws back unspent COVID funds, blocks Biden’s new tax schemes, & much, much more https://t.co/TQ7CblFsaM
— Kevin McCarthy (@SpeakerMcCarthy) May 28, 2023
“It has historic reductions in spending, consequential reforms…
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