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McCarthy, Biden Reach Debt Deal 'in Principle' to Avoid Default
(AP)
President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle” to raise the nation's legal debt ceiling, but now Congress must rush to approve the spending cuts package in a matter of days to avert a potentially disastrous U.S. default. Negotiators agreed to some Republican demands for increased work requirements for recipients of food stamps, but they stopped short of greater spending cuts overall that Republicans wanted. [Full Story]
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