- Debt-ceiling deal reached, suspending the debt ceiling for two years.
- Deal includes limits on some government programs, but cuts are less severe than Republicans wanted.
- Details of the deal to be released on May 28th.
- The House will return to consider the deal on Wednesday.
- The two-year horizon of the debt-ceiling suspension almost guarantees renewed fears of debt Armageddon in 2025.
America’s debt-ceiling deal means it should now avoid Armageddon
But a battle looms in the coming days to get it through Congress | United States
