White House and GOP reach a deal in principle to stop the nation from defaulting
1 min read
Photo caption: The Capitol is seen in Washington on May 22. Photo credit: J. Scott Applewhite / AP. Article by Claudia Grisales, Ximena Bustillo, Franco Ordoñez. NPR – updated May 27, 2023 @ 11:22 PM ET.
President Biden and House Speaker Kevin McCarthy reached an agreement in principle to avoid a potentially disastrous government default and raise the nation’s debt ceiling. The deal follows weeks of negotiations and a tense creep toward a deadline to raise the government’s borrowing limit. […]