Where the debt ceiling debate hits you at home and in the bank

House Speaker Kevin McCarthy, who is rounding up Republican votes for a bill increasing the federal debt ceiling, speaks with reporters Tuesday in the U.S. Capitol. (AP)

The debate over raising the debt ceiling can seem like another fracas in hyper-partisan Washington D.C., but it affects many Chicagoans.

President Joe Biden and House Speaker Kevin McCarthy negotiated a deal Sunday to raise the nation’s debt ceiling and work to gain support in Congress to pass the measure in the coming week.