It ensures people ages 49 to 54 with food stamp aid would have to meet work requirements if they are able-bodied and without dependents. That’s alongside raising the debt limit for two years, pushing the volatile political issue past the next presidential election.ĭriving hard to impose tougher work requirements on government aid recipients, Republicans achieved some of what they wanted. The package would next go to the Senate, where Republican leader Mitch McConnell said senators “must act swiftly and pass this agreement without unnecessary delay.”Ĭentral to the compromise is a two-year budget deal that would essentially hold spending flat for 2024, while boosting it for defense and veterans, and capping increases at 1% for 2025. Lawmakers are expected to return Tuesday from the Memorial Day weekend, and McCarthy has promised lawmakers he will abide by the rule to post any bill for 72 hours before voting in the House, as soon as Wednesday.

Support from both parties will be needed to win congressional approval before the projected June 5 government default on U.S. Weeks of negotiations came together when Biden and McCarthy spoke by phone Saturday evening and agreed in principle to the deal, finishing it up Sunday with the 99-page legislative text made public. “The speaker and I made clear from the start that the only way forward was a bipartisan agreement,” he said. The president urged both parties in Congress to come together for swift passage. “Takes the threat of a catastrophic default off the table.” “The agreement prevents the worst possible crisis, a default, for the first time in our nation’s history,” he said. “Good news,” Biden declared Sunday evening at the White House. Instead, the leaders are working to gather backing from the political middle as Congress hurries toward votes before a June 5 deadline to avert a damaging federal default. The Democratic president and Republican speaker spoke late in the day as negotiators rushed to draft and post the bill text for review, with compromises that neither the hard-right or left flank is likely to support. WASHINGTON (AP) - With days to spare before a potential first-ever government default, President Joe Biden and House Speaker Kevin McCarthy reached final agreement Sunday on a deal to raise the nation’s debt ceiling and worked to ensure enough support in Congress to pass the measure in the coming week.

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