Phew!
America tiptoed toward a dangerous cliff, but Washington’s leaders avoided a catastrophic default on the nation’s debt after months of stalled talks and last-minute agreements.
President Joe Biden and Speaker Kevin McCarthy’s deal didn’t sit well with a lot of lawmakers in either party, but after some arm twisting, pleas and promises Congress completed a legislative sprint that cuts a projected $1.5 trillion in federal spending and allows the U.S. to pay all of its bills.