ACN Business

5 essential reads about the tentative accord, brinkmanship and the danger of default

Written by Bryan Keogh, Deputy Managing Editor and Senior Editor of Economy and Business

Biden speaks to reporters about the tentative accord. AP Photo/Susan Walsh

President Joe Biden and House Speaker Kevin McCarthy on May 27, 2023, agreed in principle to a tentative deal that would raise the debt ceiling while capping some federal spending at current levels.

The accord, if approved by both houses of Congress, would avert an...

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