I made a compromise on a budget.

When a reporter noted that is what Republicans wanted, Biden said, Can you think of an alternative?

But thats another day, Biden said.

Capitol

U.S. CapitolGetty Images

Thats the responsibility of governing, he added.

The work requirements will be eased for veterans and the homeless.

Those provisions have been a key sticking point in the negotiations.

WGA West building in Hollywood

The agreement was reached with little time to spare, given a deadline of June 5.

For months, Biden and McCarthy have been engaged in a high stakes game of political brinksmanship.

Wall Street markets closed higher on Friday in anticipation of a deal.

A deal was reached two days before the U.S. ran out of money.