Debt ceiling deal: What's in, what's out of the agreement to avert US default

The United States Senate has reached a deal to raise the debt limit and avoid default. The bill is expected to be signed by President Biden. This deal is crucial for the US economy and the government’s ability to pay bills. The agreement includes a number of measures, such as funding for disaster relief and the debt limit way into 2023. The bill also directs the Treasury Department to pay bills to keep the US government operating. However, the bill does not include any major reforms or spending cuts, which has been a significant sticking point among Republican lawmakers. Overall, the deal seems to be a temporary solution to the problem. It’s important that the bill is signed promptly and that the US government can continue to function without jeopardizing the stability of the global economy. The debt limit is a topic of great importance, and a default could lead to dire consequences both for the US and the rest of the world.