WASHINGTON (AP) — The details of the deal between President Joe Biden and House Speaker Kevin McCarthy were released Sunday in the form of a 99-page bill that would suspend the nation's debt limit through 2025 to avoid a federal default while limiting government spending.
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House Speaker Kevin McCarthy of Calif., speaks during a news conference after President Joe Biden and McCarthy reached an "agreement in principle" to resolve the looming debt crisis on Saturday, May 27, 2023, on Capitol Hill in Washington. Rep. Patrick McHenry, R-N.C., right, and Rep. Garret Graves, R-La., left, listen. (AP Photo/Patrick Semansky)
FILE - President Joe Biden talks with reporters on the South Lawn of the White House in Washington, Friday, May 26, 2023, as he heads to Camp David for the weekend. Biden and House Speaker Kevin McCarthy reached an “agreement in principle” to raise the nation’s legal debt ceiling late Saturday as they raced to strike a deal to limit federal spending and avert a potentially disastrous U.S. default. (AP Photo/Susan Walsh, File)
House Speaker Kevin McCarthy of Calif., speaks with members of the press about debt limit negotiations Saturday, May 27, 2023, on Capitol Hill in Washington. (AP Photo/Patrick Semansky)
President Joe Biden arrives to speak in the Roosevelt Room of the White House, Sunday, May 28, 2023, in Washington. Biden and House Speaker Kevin McCarthy reached a final agreement Sunday on a deal to raise the nation's debt ceiling while trying to ensure enough Republican and Democratic votes to pass the measure in the coming week. (AP Photo/Manuel Balce Ceneta)
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