The drama is by no means over. Congressional leaders in both parties have to convince enough of their members to vote for the agreement, which contains provisions that lawmakers on each side of the aisle don’t support. Here’s what we know about the deal, based on the bill text, White House sources and information circulated by House Republicans. Addresses the debt ceiling: The agreement would suspend the nation’s $31.4 trillion debt limit through January 1, 2025.
Work requirements would not be introduced in Medicaid, which House Republicans had called for in their debt ceiling bill. Claw back some Covid-19 relief funds: The deal would rescind roughly $28 billion in unobligated funds from the Covid-19 relief packages that Congress passed to respond to the pandemic, according to the House GOP.
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