Richard Arnold: US Correspondent on the plan to raise the US's debt ceiling

The Speaker of the Republican controlled US House of Representatives believes that changes to a deal to lift the debt ceiling will be transformational. Kevin McCarthy and US President Joe Biden have agreed in principle on a plan to raise debt in order to pay the country's bills. US correspondent Richard Arnold says that in reality the changes are small. He says there's a bit more Defense, less for the Tax Office, and reductions in regulation and age changes for food stamps. The US Congress now has to approve the deal. LISTEN ABOVESee omnystudio.com/listener for privacy information.