What's in the US debt ceiling deal? - BBC News

An agreement to raise the US government's borrowing limit is within reach. Here are the key measures proposed.

3 hours agoShareclose panelShare pageCopy linkAbout sharingImage source, Getty ImagesImage caption, The two parties finally reached a deal after weeks of tryingPresident Joe Biden has urged Congress to pass a deal to raise the government's borrowing limit and prevent a potentially catastrophic default on US debt repayments. So what is in the deal?

Negotiators from Democratic and Republican parties finalised an agreement on Sunday night.

If approved, it would allow the federal government to borrow money until well after the next presidential election due in November 2024.

Voting on the bill, the text of which was posted to a congressional website, is set to start later this week in the House and the Senate.

Here are the highlights from the package of measures.

https://www.bbc.co.uk/news/world-us-canada-65744615?at_medium=RSS&at_campaign=KARANGA

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