President Biden and Speaker Kevin McCarthy reached an agreement on Saturday to raise the debt ceiling while imposing new restraints on federal spending.If approved by Congress, it will end a partisan deadlock and avert a potentially devastating national default.The deal will not only resolve the high-octane dispute over debt and spending issues that has gripped Washington for weeks but also enact important changes in environmental permitting, work requirements for social safety-net programs, and Internal Revenue Service tax enforcement.
#back #years #republicans #effectively #biden-administration #president-biden #federal-government #supreme-court #saturday-night #outstanding
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