What’s Next on the Debt Ceiling: Selling the Plan and Turning a Deal into a Law

To pass the bill, both Messrs. McCarthy and Biden will now have to sell it to their respective parties.

AP/Patrick Semansky
Speaker McCarthy speaks with members of the press about debt limit negotiations Saturday on Capitol Hill. AP/Patrick Semansky

After weeks of negotiations, President Biden and Speaker McCarthy have announced an “agreement in principle” to raise the nation’s debt ceiling and avoid a potentially catastrophic default.

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