US Debt Ceiling Deal Reached, but Opposition Remains
Negotiations between President Joe Biden and House Speaker Kevin McCarthy have resulted in a deal to raise the US debt ceiling, averting a potential default. However, there is opposition from both hard-right Republicans and progressive Democrats, who are unhappy with the compromises made. The deal includes spending cuts and new work requirements for federal benefit programs. The agreement must now be approved by the Republican-controlled House of Representatives and the Democratic-controlled Senate before the debt limit is reached, likely by next Monday.