It appears we won't have a federal debt crisis after all. We are told President Biden and Speaker McCarthy have reached a compromise both can support, however reluctantly.
What remains is for the resulting compromise to be passed by both houses of Congress. That will likely happen with some of the most ideologically driven members of both parties voting "no."
Apparently some limitations on spending were included, as well as work requirements for welfare, but not for Medicaid. If both sides are unsatisfied with the outcome, then our form of government has functioned as it was intended to do.
Chances are we'll get to live through it again in a couple of years, alas.
