Obama, Republicans Compromise On Debt Ceiling

With just seven days remaining until the debt ceiling deadline, Republican congressional leaders and President Barack Obama have reached a tentative budget deal. Their compromise would raise the spending limit by about $80 billion, keeping the government financed through September 2017.

Both the House and the Senate need to approve the deal, which would alleviate the risk of the U.S.'s first-ever default, for now. NPR’s Senior Washington Editor and Correspondent Ron Elving joins Here & Now’s Jeremy Hobson to discuss what each party has to sacrifice.