Explainer: US debt ceiling deal’s winding road to passage in Congress

Written by on May 28, 2023

WASHINGTON, May 28 (Reuters) - Democratic President Joe Biden and top congressional Republican Kevin McCarthy struck a deal on Saturday to suspend the federal government's $31.4 trillion limit on U.S. government borrowing, in order to avert a catastrophic default as soon as June 5.

Their challenge isn't over. They now have to shepherd it through the deep partisan . . .



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