'Transformational': McCarthy praises debt deal that includes spending caps, work requirements, permitting reforms

Two-year pact worked out with Biden still must pass both chambers to avoid a June 5 federal default. Far-left and far-right lawmakers are questioning the deal.

House Speaker Kevin McCarthy talks to reporters at the Capitol on Sunday about the "agreement in principle" on the debt limit that he reached Saturday night with President Biden. (AP Photo/J. Scott Applewhite)

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