President Biden and House Speaker Kevin McCarthy reached a tentative agreement to resolve the debt ceiling standoff in the United States
The agreement would raise the nation's borrowing limit for two years, removing immediate concerns about America's creditworthiness
"Historic" spending limits are incorporated into the agreement to address long-term fiscal responsibility
The agreement aims to tackle America's debt crisis by reducing spending while safeguarding critical programs for working people
Gaining support from skeptical lawmakers, both conservative and liberal, is a crucial next step for the agreement
Democratic leaders, including Senate Majority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries, will play a vital role in rallying support among fellow Democrats