McCarthy, White House Reach Debt Ceiling Agreement

House Speaker Kevin McCarthy announced Saturday that he and President Joe Biden had reached a deal in principle to raise the debt limit days ahead of a possible default, marking a major breakthrough in a monthslong impasse over the issue. “After weeks of negotiations, we have come to an agreement in principle.” McCarthy told reporters late Saturday. “We still have a lot of work to do, but I believe this is an agreement in principle that’s worthy of the American people.” With the agreement, which came after Biden and McCarthy...