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US debt ceiling: Negotiators agree a deal in principle, McCarthy says

2023-05-28 01:11
The White House and the Republicans are now said to be ironing out details of a bill to avert a default.
US debt ceiling: Negotiators agree a deal in principle, McCarthy says

The White House and the Republican party have agreed in principle to raise America's debt ceiling and avert a default, House Speaker Kevin McCarthy has said.

No details of the deal have so far been released.

Negotiators are working through the night on fine-tuning a bill, a source told CBS...