President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle” late Saturday as they raced to strike a deal to limit federal spending and resolve the looming debt crisis ahead of a June 5 deadline, the House speaker said. Thanks for stopping by Queen City News' YouTube channel! We’re proud to bring you local stories, breaking news, in-depth investigations, Charlotte-area weather, and more! Subscribe to Queen City News YouTube: https://www.youtube.com/QueenCityNews Watch more Queen City News videos: https://www.qcnews.com/ Visit our other social media channels! https://facebook.com/YQCNews https://twitter.com/Queen_City_News https://www.instagram.com/fox46charlotte/