- Biden and McCarthy finally reached a deal to raise the debt ceiling on Saturday night.
- The deal strengthens work requirements on welfare programs and codifies the end of the student-loan payment pause.
- The agreement needs to be signed into law before the US defaults as early as June 5.
An agreement to raise the debt ceiling between House Speaker Kevin McCarthy and the White House will end the pause on student loan payments, make it more difficult for some low-income Americans to obtain food stamps, and reduce government spending by billions in the coming years.
On Saturday ni…
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