Joe Biden and Kevin McCarthy reach 'agreement in principle' on raising US debt ceiling

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'After he wasted time and refused to negotiate for months, we've come to an agreement in principle', said House Speaker Kevin McCarthy after discussions with President Biden about raising the US debt ceiling

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The tentative deal would bring to an end the months-long stalemate between the Republican controlled Congress and Democrat run White House.Mr Biden and Mr McCarthy held a 90-minute phone call on Saturday evening to discuss the deal, as the 5 June deadline looms.

 

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