Biden, McCarthy reach bipartisan agreement on debt ceiling

(NewsNation) — President Joe Biden announced a final bipartisan agreement on the debt ceiling on Sunday, just days before a possible historic default. The agreement is now ready to go to Congress.

"It's a really important step forward. It takes the threat of catastrophic default off the table, protects our hard-earned and historic economic recovery and the agreement also represents a compromise which means no one got everything they want," Biden said during a press conference Sunday.

The Democratic president and Republican House Speaker Kevin McCarthy spoke with each other on Sunday as negotiators rushed to draft the bill text so lawmakers can Read Entire Article