McCarthy-Biden debt deal eliminates unspent COVID funds, blocks IRS expansion and reforms permitting

US Representative Ralph Norman (R-SC), joined by members of the House Freedom Caucus, speaks on the debt limit deal outside the US Capitol in Washington, DC, on May 30, 2023. US political leaders scrambled Tuesday to push through legislation to suspend the national debt limit and avert economic catastrophe as a growing conservative backlash threatened to sink the deal at its first major hurdle. (Photo by Mandel NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)