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Zenger
Zenger
Politics
Bibhu Pattnaik

Biden, McCarthy Confident Final Debt Ceiling Deal Will Gain Momentum

Joe Biden Kevin McCarthy United States the White House
US President Joe Biden delivers remarks on the bipartisan budget agreement in the Roosevelt Room of the White House in Washington, DC, on May 28, 2023. US President Joe Biden and Republican leader Kevin McCarthy said they were confident on May 28, 2023 of pushing a debt crisis deal through Congress and avoiding a cataclysmic default, despite skepticism from some lawmakers on both sides of the aisle. SAMUEL CORUM/BENZINGA

President Joe Biden and House Speaker Kevin McCarthy reached the final agreement in principle on Sunday on a deal to raise the country’s debt ceiling. 

Biden and McCarthy came to an agreement on Saturday as Congress and the White House took a bipartisan approach to the debt ceiling in order to prevent the default.

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