Debt ceiling deal will be 'transformational' for Americans, McCarthy says
House Republicans have reached with the White House to address the nation's debt ceiling will be "transformational" for the American public.
McCarthy told reporters that negotiators worked through the night to finalize details of the agreement, and that they have tried to keep the bill around 150 pages to make it easier for members of Congress and the public to digest. Presidentand McCarthy are scheduled to speak at 2 p.m. ET Sunday to ensure both sides agree on the bill's language, McCarthy said.
"We know at any time when you sit and negotiate within two parties that you got to work with both sides of the aisle," McCarthy said. "So it's not 100% for what everybody wants, but when you look, the country is going to be stronger." Once the deal is finalized, it needs to pass through Congress and receive Biden's signature in order to avoid a catastrophic default on U.S. sovereign debt. Treasury Secretary
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