What's in the debt limit deal Biden and McCarthy hope to pass before June 5

Posted on AllSides May 29th, 2023
From The Left

President Biden and House Speaker Kevin McCarthy (R-Calif.) reached agreement on a deal to raise the debt limit on Saturday night, released the details on Sunday, then spent Monday calling up lawmakers to ensure enough support to pass the deal before the U.S. begins to default on its financial obligations starting June 5, according to the most recent Treasury Department estimates. • Suspend the debt limit until January 2025, after the 2024 election. House Republicans had wanted to raise the limit until March 2024 or by $1.5 trillion, whichever came...

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https://theweek.com/joe-biden/1023884/whats-in-the-debt-limit-deal-biden-and-mccarthy-hope-to-pass-before-june-5

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