Despite the two leaders seeming confident in their compromise to avoid an economic crisis, numerous Republicans and Democrats have criticized the deal.
insisted that the debt limit should be raised without preconditions as it has in the past.
The president and the speaker called the deal a"compromise," with both leaders admitting neither side walked away totally happy but each hailing the bill as a win. U.S. President Joe Biden meets with House Speaker Kevin McCarthy in the Oval Office of the White House on May 22, 2023 in Washington, DC. Biden and McCarthy were meeting to discuss raising the debt limit in an effort to avoid a default by the federal government. The two leaders came to a final agreement on Sunday and shared the 99-page bill online. The measure must now be approved by the House and Senate.
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