What’s Inside McCarthy’s Debt Ceiling Deal With Biden

After a months-long standoff, Speaker of the House Kevin McCarthy (R-Calif.) and President Joe Biden have reached a final deal to raise the debt ceiling, which now heads to Congress.
Both McCarthy and Biden have praised the deal, calling it a compromise agreement, and have expressed confidence that it would pass both chambers of Congress. The deal would suspend the debt ceiling until 2025. The full text of the bill was released on May 28 (pdf).
The package meets several key Republican demands, including spending cuts, work requirements for government assistance, and other measures.
Although many in the GOP caucus are unhappy with the package, thinking it doesn’t go far enough, McCarthy shot back during a May 28 appearance on Fox News, saying that “there’s so much in this that’s positive.”…}