Bipartisan Deal Reached to Suspend Debt Ceiling, End Student Loan Pause

President Biden and House Speaker Kevin McCarthy agreed to a compromise bill to suspend the debt ceiling and avoid default.
The compromise would end student loan payment pauses within 60 days and restrict the Education Department's ability to further extend it.
The deal faces opposition from both Republicans unhappy with spending levels and Democrats concerned about the impact on vulnerable populations.
Passage in the House and Senate is uncertain and depends on support from moderate members of both parties.
If the compromise fails to pass by June 5, the federal government will default on its debt obligations for the first time in history.