US debt ceiling deal's winding road to passage in Congress
Dhaka, May 28 -- Democratic President Joe Biden and top congressional Republican Kevin McCarthy struck a deal on Saturday to suspend the federal government's $31.4 trillion limit on US government borrowing, in order to avert a catastrophic default as soon as June 5.
Their challenge isn't over. They now have to shepherd it through the deep partisan fractures of the narrowly Republican-controlled House of Representatives and Democratic-controlled Senate:
LEGISLATIVE SAUSAGE-MAKING
Biden and House Speaker McCarthy gave a green light to the deal drafted by their respective aides during closed-door negotiations over the past several days.
It needs to be written into legislation, which McCarthy said would happen on Sunday. Then, McCarthy ha...
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