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The Independent UK
The Independent UK
National
John Bowden

What’s in the cliffhanger deal struck by Biden and McCarthy to raise the debt limit?

Joe Biden Republican Party IRS the White House America the House of Representatives United States
AP

Weeks of sniping back-and-forth between the White House and the Republican majority in the House of Representatives has finally yielded a deal: America will not default on its debt obligations, should Congress successfully pass the legislation this week.

The House of Representatives successfully passed the legislation by a 314-117 margin. It now heads to the Senate.

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