US President Joe Biden and House Speaker Kevin McCarthy have reached a final agreement on a deal to raise the debt ceiling. The agreement calls for drafting the text of the bill so lawmakers can review the settlements to avoid a devastating federal default.
US President Joe Biden stressed, "The agreement prevents the worst possible crisis and default for the first time in our nation’s history." The president urged both parties in Congress to come together for a swift passage of the agreement, noting, "The only way forward is a bipartisan agreement."
Source (Al-Arabiya.net Website, Edited)
