President Biden Announces Agreement to Raise Debt Ceiling
- The President urged lawmakers to quickly pass a bill increasing the government's borrowing limit.
- Failure to raise the debt ceiling could lead to a default on U.S. debt and financial turmoil.
- The stock market reacted positively to news of progress on the debt ceiling issue.
- The Dow Jones Industrial Average rose over 200 points on hopes a deal was within reach.
- Key details of a final agreement to raise the borrowing limit still need to be worked out between the White House and Congress.
Barron's 
