President Joe Biden and House Speaker Kevin McCarthy reached a tentative agreement late on Saturday to reduce government spending and raise the debt ceiling, which is a crucial step in preventing the US from defaulting on its debt at the beginning of next month.
An “agreement in principle” had been struck for a two-year budget that keeps spending steady in 2024 and caps spending growth at 1% in 2025, according to multiple officials who verified the arrangement to Just the News on Saturda …