Top US Republican McCarthy has urged fellow members of Congress to support a debt ceiling deal ahead of a key vote. The deal involves raising the debt limit through December 2022 and delaying a default on government payments. Target 12 Q&A addresses questions surrounding the debt ceiling negotiations.
The move comes after former President Obama agreed to $2.1 trillion in spending cuts to end the 2011 debt ceiling crisis, and CNN shares the consequences of that agreement.
Opinion articles including The New York Times urge politicians to pass the debt ceiling deal, citing its importance to the nation’s economy. The New York Post offers praise for McCarthy’s leadership in tackling the nation’s top needs.
As the debate over the debt ceiling continues, it remains unclear whether the necessary votes will be secured to pass the deal, and citizens nationwide wait in anticipation for further developments.