After months of contentious negotiations, Congress has finally reached an agreement on raising the debt ceiling.

This bipartisan compromise is a crucial step in avoiding a potentially catastrophic default on the national debt, which could have had severe consequences for the global economy.

The key details of the agreement include:

An increase in the debt ceiling by $2 trillion, which will allow the government to continue meeting its financial obligations until mid-2026.

🗓️ Spending cuts totaling $1.5 trillion over the next 10 years, with reductions across various government programs and agencies. - https://ceilingtrends.com/blog/did-they-come-to-an-agreement-on-the-debt-ceiling/?unique_id_9yoiknv6

Latest Developments on the Debt Ceiling: Implications for the Economy and Government Funding