President Joe Biden and House Speaker Kevin McCarthy have reached an agreement to suspend the debt ceiling and prevent the nation from defaulting on its debts, but the deal has been met with criticism from both sides of the aisle. Republicans argue that the deal does not include enough spending cuts, while Democrats are pushing for more spending. The White House and congressional leaders must now convince enough lawmakers in the narrowly divided House and Senate to pass the legislation in order to prevent the nation from defaulting on its debts.
