Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right

FILE – Top Republican debt crisis mediators Rep. Garret Graves, R-La., left, and Rep. Patrick McHenry, R-N.C., center, chairman of the House Financial Services Committee, with Rep. Chip Roy, R-Texas, upper right, have a laugh as they stop for questions by reporters on progress in the talks with the Biden administration, at the Capitol in Washington, Tuesday, May 23, 2023. Rep. Chip Roy, R-Texas, a member of the conservative House Freedom Caucus, has blasted the tentative debt ceiling deal struck by Speaker Kevin McCarthy, R-Calif., and President Joe Biden and says he will try to stop it in the House. (AP Photo/J. Scott Applewhite, File)

WASHINGTON (AP) — The reviews are starting to come in about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy. Even before seeing the details, some lawmakers were criticizing the deal as not doing enough to tackle the nation’s debt, while others worried it’s too austere and will harm many low-income Americans. The legislation will probably need support from a significant number of lawmakers from both parties to clear the closely divided House and gain the 60 votes necessary to advance in the Senate. The 99-page bill that resulted from the Biden-McCarthy negotiations was made public Sunday night.


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