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GEOFF BENNETT: Welcome 
to the "NewsHour."

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The debt limit deal forged 
by President Biden and

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House Speaker Kevin 
McCarthy tonight heads into 
a crucial final stretch,

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with less than a week to win 
congressional approval before 
a June 5 default deadline.

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AMNA NAWAZ: Some in both 
parties oppose the weekend 
agreement. But the White

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House and House Republican 
leaders say they will 
push it to passage.

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White House correspondent 
Laura Barron-Lopez 
begins our coverage.

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LAURA BARRON-LOPEZ: 
President Biden and House 
Speaker Kevin McCarthy are

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racing to secure the 
votes needed to pass 
their debt ceiling deal.

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REP. KEVIN MCCARTHY (R-CA): 
I'm not sure what in the 
bill people are concerned

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about. It is the largest 
savings of $2.1 trillion 
we have ever had.

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LAURA BARRON-LOPEZ: At the 
White House, the director of the 
Office of Management and Budget,

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Shalanda Young, urged 
Congress to pass it quickly.

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SHALANDA YOUNG, Director, 
Office of Management and 
Budget Director: This

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agreement represents a 
compromise, which means no

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one gets everything that 
they want and hard choice 
-- choices had to be made.

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LAURA BARRON-LOPEZ: Their 
bipartisan compromise 
suspends the debt ceiling 
until January 2025,

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beyond the next presidential 
election. It also imposes 
modest federal spending

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cuts over the next two 
years, eases permitting 
for energy projects and

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increases work requirements 
for food stamp recipients.

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But President Biden and 
Speaker McCarthy are facing 
pushback from Republicans and

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Democrats alike as they 
try to sell their plan. 
Progressive Democrats

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have criticized the process and 
some of the bill's provisions,

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like new work requirements 
for low-income Americans 
receiving food aid benefits.

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REP. GREG CASAR (D-TX): I 
think it's right for Democrats 
to get this deal done,

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but for a large number of 
progressives to say, no,

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this entire process where the 
American economy can be held 
for ransom, that's a no-go.

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MAN: Mr. Roy.

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LAURA BARRON-LOPEZ: Some 
Republicans, like House Freedom 
Caucus member Chip Roy of

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Texas, say the bipartisan 
package doesn't do 
enough to cut spending.

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REP. CHIP ROY (R-TX): Not one 
Republican should vote for 
this deal. It is a bad deal.

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No one sent us here to borrow 
an additional $4 trillion to get 
absolutely nothing in return,

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but, at best, if I am being 
really generous, a spending 
freeze for a couple of years.

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LAURA BARRON-LOPEZ: 
Roy is a member of the 
House Rules Committee,

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which presented the first 
major test for the deal 
this afternoon, as it 
debated the 99-page bill.

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Democrats, like Ranking Member 
Jim McGovern of Massachusetts,

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accused Republicans 
of risking a default.

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REP. JIM MCGOVERN (D-MA): By 
weaponizing the debt ceiling,

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Republicans are establishing 
a precedent that will haunt us 
forever, that one party can use

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the full faith and credit 
of the United States as 
a hostage to pass their 
wildly unpopular ideas.

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LAURA BARRON-LOPEZ: With less 
than a week to go before a 
potential historic default,

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some Republicans also threatened 
McCarthy's speakership.

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REP. DAN BISHOP (R-NC): 
If we take McCarthy out, 
whatever the path is,

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but those Republicans have 
to avoid being destroyed 
themselves by voting for this.

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LAURA BARRON-LOPEZ: 
Still, Republican House

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leaders expressed confidence 
the deal would ultimately pass.

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For the "PBS NewsHour," 
I'm Laura Barron-Lopez.