10 things you need to know today: May 28, 2023

White House and Republicans reach tentative debt ceiling deal, Texas Attorney General Ken Paxton impeached, and more

The national debt clock in midtown Manhattan.
(Image credit: Selcuk Acar / Anadolu Agency via Getty Images))

1. White House and Republicans reach tentative debt ceiling deal

The White House and Republicans reached a tentative deal on Saturday night to extend the debt ceiling for two years, avoiding a catastrophic national default. While the details are still being hammered out, President Biden tweeted that the deal was "an important step forward that reduces spending while protecting critical programs for working people and growing the economy for everyone," adding that the proposal was a compromise where both sides acquiesced. House Speaker Kevin McCarthy (R) offered similar sentiments, though appeared to blame Biden for the lengthy negotiations. The deal comes following months of back-and-forth talks between the two sides, with Republicans urging a cut on spending and Democrats wanting to ensure the security of social programs.

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Justin Klawans, The Week US

 Justin Klawans has worked as a staff writer at The Week since 2022. He began his career covering local news before joining Newsweek as a breaking news reporter, where he wrote about politics, national and global affairs, business, crime, sports, film, television and other Hollywood news. Justin has also freelanced for outlets including Collider and United Press International.