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https://www.wsj.com/articles/how-a-debt-ceiling-deal-that-neither-side-wanted-cracked-the-logjam-in-washington-829eac3f

How a Debt-Ceiling Deal That Neither Side Wanted Cracked the Logjam in Washington

House Republicans coalesced around a spending bill, eroding the White House’s leverage

House Speaker Kevin McCarthy called the deal an ‘agreement in principle.’ jim lo scalzo/EPA/Shutterstock

By Lindsay Wise

and Annie Linskey

May 28, 2023 12:08 pm ET

WASHINGTON—The path to a tentative agreement to raise the debt limit started in January with the election of Kevin McCarthy as House speaker on the 15th ballot, after he made conservatives a host of promises to cut spending and gave them the ability to oust him if he wavered.

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