May 30, 2023 | Bakersfield, Front Page

With Debt Ceiling Deal Reached, All Eyes Turn to Congress to Ratify Agreement

After months of uncertainty and verbal sparring, an “agreement in principle” has been reached to spare the United States from its first-ever debt default.

After President Joe Biden and House Speaker Kevin McCarthy announced that they’d reached an accord to raise the nation’s debt ceiling and avoid a catastrophic default, Congress has just a few days to approve the deal.

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