Biden says debt deal ready to move to Congress, urges passage

President Joe Biden said that a final bipartisan deal to raise the US debt ceiling now heads to Congress, where he urged "both chambers to pass that agreement." Joe Biden, US President said "That agreement now goes to the United States' House and to the Senate. I strongly urge both chambers to pass that agreement. Let's keep moving forward on meeting our obligations and building the strongest economy in the history of the world."

The deal would raise the debt limit for two years while capping spending over that time, and includes some extra work requirements for programs for the poor.