The debt ceiling deal brokered by Pres. Biden and House Speaker McCarthy will face its first major test, just days before a potential default.
Speaker of the House Kevin McCarthy speaks to the press after an"agreement principle" was reached between House Republicans and President Joe Biden's team to avoid a default on the U.S. debt at the U.S. Capitol, May 28, 2023 in Washington, DC.brokered by President Joe Biden and House Speaker Kevin McCarthy faces its first major test Tuesday, just days before a potential default.
It will decide whether to advance the legislation so the full House can hold a planned vote on Wednesday and send it to the Senate ahead of Monday's default deadline.
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