The Biden-McCarthy debt ceiling deal.

The debt ceiling deal. Days before a potential default, President Biden and House Speaker Kevin McCarthy announced an agreement to suspend the debt limit for two years. The Fiscal Responsibility Act will cut spending, speed up permitting for some energy projects, enact new work requirements for food stamps and TANF, recover $28 billion in unspent Covid money, and redirect roughly $20 billion of IRS funds to other agencies. While party leaders have agreed to the deal, it still faces an uncertain path in the House and Senate, where some opposition has popped up on both sides of the aisle. You can find our previous coverage of the debt limit here.

Tickets are officially live (and public!) for our event in Philadelphia on Thursday, August 3rd. Thanks to all the folks who bought tickets — we're off to an awesome start, and on track to sell this baby out! Remember: Our goal is to sell out the venue, and then take Tangle on the road. Please come join us! Tickets here.

You can read today's podcast ⁠here⁠, today’s “Under the Radar” story ⁠here⁠, and today’s “Have a nice day” story ⁠here⁠. You can also check out our latest YouTube video here.

Today’s clickables: Quick hits (0:57), Today’s story (3:07), Right’s take (7:21), Left’s take (11:16), Isaac’s take (15:00), Listener question (18:44), Under the Radar (20:22), Numbers (21:01), Have a nice day (21:48)

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Our podcast is written by Isaac Saul and edited by Jon Lall. Music for the podcast was produced by Diet 75. 

Our newsletter is edited by Bailey Saul, Sean Brady, Ari Weitzman, and produced in conjunction with Tangle’s social media manager Magdalena Bokowa, who also created our logo.

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