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US debt ceiling deal a win for Biden, McCarthy and bipartisanship

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FILE PHOTO: House Speaker Kevin McCarthy (R-CA) sits for debt limit talks with U.S. President Joe Biden in the Oval Office at the White House in Washington, U.S., May 22, 2023. REUTERS/Leah Millis/File Photo

Democratic President Joe Biden (right) and Republican House Leader Kevin McCarthy struck a deal to raise the debt ceiling.

PHOTO: REUTERS

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The deal struck by Democratic President Joe Biden and Republican House Leader Kevin McCarthy last weekend to

raise the debt ceiling and avert the United States defaulting on its debt

represents a victory for each leader.

It also marks a triumph for bipartisanship, signalling that Washington’s two main parties can still come together to work out solutions to national problems that would have sent shockwaves around the globe if left unresolved.

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