President Joe Biden said he had not made too many concessions to Republicans as part of the deal.
US President Joe Biden says a bipartisan deal to raise the US debt ceiling and avert a default is ready to move to Congress.
Republicans have been seeking spending cuts in areas such as education and other social programmes in exchange for raising the $31.4tn debt limit. In the US, the immediate effect would be that the government would quickly run out of funds to pay for welfare benefits and other support programmes, for instance.
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