Biden finally agrees to some spending controls

 American Action News:

A GOP House conference call is scheduled for President Biden and House Speaker McCarthy to discuss a potential deal. Earlier, McCarthy expressed optimism about reaching an agreement, but clarified that no deal had been finalized yet. Biden also expressed optimism and mentioned they were very close to resolving the issues. Following their discussion, McCarthy took to Twitter to announce an agreement in principle that he believed would benefit the American people, stating:

“I just got off the phone with the president a bit ago. After he wasted time and refused to negotiate for months, we’ve come to an agreement in principle that is worthy of the American people.”

... 

It appears to be a better deal than a default. 

See, also:

Americans side with House GOP in debt limit fight

Impulse to back Biden leads media to defend recklessness

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