AnalysisEconomy / FinanceNorth AmericaPolitics

What’s Inside ‘McCarthy-Biden’s’ Debt Ceiling Deal


After a months-long standoff, House Speaker Kevin McCarthy (R-Calif.) and President Joe Biden have reached a final deal to raise the debt ceiling, which now heads for vote in Congress. Both McCarthy and Biden have praised the deal, calling it a compromise agreement, and have expressed confidence it would pass both chambers of Congress. The deal would suspend the debt ceiling until 2025. The full text of the bill was released on Sunday evening.   The package meets several key Republican demands, including spending cuts, work requirements for government assistance, and other measures. Though many in the GOP caucus are…

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