Biden, McCarthy Gain Support for Debt-Ceiling Deal but Chokepoints Await
President Biden and House Speaker Kevin McCarthy appeared on track to gain enough bipartisan support to suspend the debt limit, so far confining dissent to the progressive and conservative wings of their parties, though procedural chokepoints could still complicate the race to avoid an unprecedented default. The debt-ceiling agreement, which Biden and McCarthy (R., Calif.) made final on Sunday, would suspend the borrowing limit for two years and curb government spending during that time. It would cut spending on domestic priorities favored by Democrats while boosting military spending by about 3%. It also would extend limits on food assistance to some beneficiaries to prod them to find jobs.