Particle.news

Download on the App Store

McCarthy Pushes Debt Ceiling Deal Despite Growing Criticism from Both Parties

  • House Speaker Kevin McCarthy negotiated a deal with President Biden to raise the debt ceiling, though the bill faces opposition in Congress.
  • The deal passed a key House committee but hardline Republicans vowed to vote against it, and some Democrats also expressed disapproval.
  • The bill would raise the debt limit, cut some spending and change rules around food assistance programs and COVID-19 funds.
  • The Congressional Budget Office said the bill could cut deficits by $1.5 trillion over a decade.
  • Lawmakers have until Monday to act before the government defaults on its debt.
Hero image