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Biden, Republicans reach debt-ceiling deal, now Congress must approve it to prevent calamitous default

Por: Portland Press Herald World May 28, 2023

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WASHINGTON — An “agreement in principle” between President Biden and House Speaker Kevin McCarthy would raise the nation’s legal debt ceiling, but now Congress has only days to approve a package that includes spending cuts and would avert a potentially disastrous U.S. default. The compromise announced late Saturday risks angering both Democratic and Republican lawmakers as they begin to unpack the concessions. Negotiators agreed to some... + full article



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