On Saturday evening, just days before a potential default, a tentative agreement has been reached between President Joe Biden and House Speaker Kevin McCarthy (R-CA) on the debt ceiling.

“The White House and negotiators for House Republicans have reached an agreement in principle to avert a debt default, two sources familiar with the situation said,” Reuters reports, adding that Biden and McCarthy had a 90 minute phone call on Saturday.

McCarthy held a brief conference following the news of a potential deal in which he outlined the progress that has been made.

“After weeks of negotiations, we have come to an agreement in principle. We still have a lot of work to do, but I believe this is an agreement in principle that is worthy of the American people,” McCarthy said. “It has historic reductions in spending, consequential reforms that will lift people out of poverty into the workforce, [and] rein in government overreach. There are no new taxes, no new government programs…”

“We still have more work to do tonight to finish all the writing of it,” the speaker added.

McCarthy said he expects the text of the bill to be posted on Sunday, with a vote to be held on Wednesday.

Republicans are poised to deliver big, consequential change in Washington. Soon, we will vote for a responsible debt limit agreement that stops Democrats’ reckless spending, claws back unspent COVID funds, blocks Biden’s new tax schemes, & much, much more https://t.co/TQ7CblFsaM

— Kevin McCarthy (@SpeakerMcCarthy) May 28, 2023

Treasury Secretary Janet Yellen had warned that the federal government would default on June 5 if an agreement wasn’t reached. “We now estimate that Treasury will have insufficient resources to satisfy the government’s obligations if Congress has not raised or suspended the debt limit by June 5,” Yellen stated.

The Treasury Department said it has been enacting “extraordinary measures” since January when the United States hit its statutory limit of roughly $31.4 trillion, and has warned of dire economic consequences if the country is unable to reach a deal to lift the debt ceiling.

The White House and the GOP-led Congress have been engaged in a protracted battle over the details of a debt ceiling agreement. The president and Democrats broadly called for a clean debt ceiling raise even after the House passed a bill that would raise the debt ceiling while cutting discretionary spending and limit spending increases for the next decade.

The House Freedom Caucus, a bloc of conservative Republicans, previously said they would consider voting to raise the debt limit in exchange for a framework that returns expenditures to fiscal year 2022 levels, raises the debt ceiling only for the next year, and restricts annual spending growth to 1% over the next decade. McCarthy recently passed the framework in the House by means of the “Limit, Save, Grow Act.”

Ben Zeisloft and Tim Pearce contributed to this report.

Democrats attempt to smear anybody who goes against their agenda as a “MAGA” extremist — even if those individuals are liberal members of the United States Supreme Court.

For example, this week, the Supreme Court released a unanimous 9 – 0 decision against the Environmental Protection Agency and the Biden administration, thereby drastically cutting back the federal government’s overreach. So, what did Senate Majority Leader Chuck Schumer (D-NY) do? Well, he threw them all under the bus with a warning to Americans.

“This MAGA Supreme Court is continuing to erode our country’s environmental laws,” Schumer tweeted. “Make no mistake—this ruling will mean more polluted water, and more destruction of wetlands. We’ll keep fighting to protect our waters.”

This MAGA Supreme Court is continuing to erode our country’s environmental laws.

Make no mistake—this ruling will mean more polluted water, and more destruction of wetlands.

We’ll keep fighting to protect our waters. https://t.co/wlp1LTvZJB

— Chuck Schumer (@SenSchumer) May 25, 2023

Dan McLaughlin of National Review summed up how ludicrous Schumer’s claim was.

“Unanimous SCOTUS decision written by George W. Bush appointee. Outcome joined by GHW Bush appointee, 2d GW Bush appointee, 2 Obama appointees, & a Biden appointee. The 3 Dems joined a concurring opinion written by a Trump appointee,” he tweeted. “Chuck Schumer: That’s so MAGA!”

Unanimous SCOTUS decision written by George W. Bush appointee. Outcome joined by GHW Bush appointee, 2d GW Bush appointee, 2 Obama appointees, & a Biden appointee. The 3 Dems joined a concurring opinion written by a Trump appointee.

Chuck Schumer: That's so MAGA! https://t.co/oL6Ugjfvu3

— Dan McLaughlin (@baseballcrank) May 25, 2023

Four of the justices — the three liberals and Justice Brett Kavanugh — disagreed over the limits the EPA is afforded by Congress.

“All nine justices rejected the standard proposed by the EPA,” he further explained. “The 5-4 split was over less expansive readings of the statute.”

All nine justices rejected the standard proposed by the EPA. The 5-4 split was over less expansive readings of the statute. https://t.co/1Oi9L9AGj8

— Dan McLaughlin (@baseballcrank) May 25, 2023

For his part, Kavanaugh wrote, “By narrowing the act’s coverage of wetlands to only adjoining wetlands, the court’s new test will leave some long-regulated adjacent wetlands no longer covered by the Clean Water Act, with significant repercussions for water quality and flood control throughout the United States.”

Readers should keep in mind that Kavanaugh is one of the justices who Schumer threatened in 2020.

“I want to tell you Gorsuch, I want to tell you Kavanaugh — you have released the whirlwind, and you will pay the price,” he said in front of a raging crowd at the Supreme Court building in D.C.  “You won’t know what hit you if you go forward with these awful decisions.”

Wow:

Chuck Schumer to Justices Gorsuch & Kavanaugh:

“You have released the whirlwind & you will pay the price.”

“You won’t know what hit you if you go forward with these decisions”

Can you imagine the media outrage if McConnell said this about RBG?

🤔pic.twitter.com/0yK0YrloJC

— Charlie Kirk (@charliekirk11) March 4, 2020

So Schumer has a long history of revving up his base with fear-mongering and demagoguery. This is exactly his goal in labeling the High Court a “MAGA Supreme Court.” He, and other Democrats, want the American people to believe that it is somehow “illegitimate” and dangerous.

Despite his qualms about former President Donald Trump’s supposed undermining of norms and democracy, he does not hesitate to sow distrust of any institution that stands in his party’s way for power.

Schumer is one of the party’s top leaders. There is no appeasing the Left — they will always paint you in the worst light possible so that they can gain more power.

The views expressed in this piece are the author’s own and do not necessarily represent those of The Daily Wire.

Related: Harvey Weinstein-Linked Biden Adviser, Liberal Group Created ‘MAGA’ Smear During Six-Month Research Project: Report