Biden, McCarthy Confident as Fight to Pass Debt Deal Revs Up

President says he expects McCarthy has enough votes in House
Deal caps spending, cuts IRS budget, expedites pipeline

WATCH: Biden says he is confident that legislation based on the tentative deal that he reached with McCarthy to avert a default will reach his desk.Source: Bloomberg

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By Gregory Korte, Akayla Gardner, and Erik Wasson

May 28, 2023 at 6:38 PM UTC

Updated on

May 29, 2023 at 2:40 PM UTC

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President Joe Biden and House Speaker Kevin McCarthy expressed confidence that their debt-ceiling deal will pass Congress, as party leaders revved up a campaign to ratify the agreement in time to avert a catastrophic US default.

Biden cabinet members and senior White House staff already had made individual lobbying calls to at least 60 House Democrats by early Monday morning to press them for votes in favor of approval, a Democratic official said.