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The Independent UK
The Independent UK
National
Lisa Mascaro and Kevin Freking

Debt ceiling: McCarthy wins 1st round, Biden eyes long game

Copyright 2023 The Associated Press. All rights reserved.

Speaker Kevin McCarthy surprised Washington when he showed he could unite the House's raucous Republican majority to pass a sweeping package to raise the nation’s debt limit by $1.5 trillion in exchange for steep spending reductions, an opening bid awaiting President Joe Biden’s response.

The next moves are more difficult, and politically uncertain.

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