Nyt, there is the agreement between Biden and McCarthy on debt ceiling

Escaped danger. After a marathon of talks, negotiations and even bike rides at dawn, Republicans and Democrats have come to an agreement that will avoid the first default in U.S. history. It is, White House sources tell the New York Times, an "agreement in principle" that provides for raising the debt ceiling for the next two years in exchange for cuts to the administration's program. There is no official announcement yet, but Joe Biden from Camp David spoke with House Speaker Kevin McCarthy and Minority Leader Hakeem Jeffries. Congressional approval of the plan before June 5, when the Treasury runs out of resources to fund the federal government as explained by Secretary Janet Yellen, has not been assured, particularly in the House where Republicans have a narrow majority. But compromise has the blessings of Biden and McCarthy, and is the only chance to break the fiscal stalemate that has gripped Washington and the United States for weeks with the threat of an economic crisis of global proportions. The details of the agreement have not yet been revealed, but in recent days the most difficult knot to solve seemed to be that of the requirements for access to welfare that according to the Republicans are too generous. For McCarthy it is a "red line" for any agreement on the debt ceiling but the American president has always been adamant on this issue, that of benefits to the people most in need, the flagship of his agenda. "I don't bow to anyone," the president said of the Grand Old Party's demands.