Debt ceiling deal: Biden, McCarthy says ‘agreement in principle’ reached

Republican leaders in the House of Representatives and the White House have reached an “agreement in principle” to raise the debt ceiling — just over a week before the deadline to avoid a potential default.

Republican Speaker Kevin McCarthy first tweeted the news Saturday night. He said the parties have come to an “agreement in principle that is worthy of the American people.”

“We still have a lot of work to do,” McCarthy said on Saturday night, indicating to reporters…