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US House speaker says agreement in principle reached on debt ceiling

White House, Republican negotiators close to reaching deal, but ‘not done yet’, says Kevin McCarthy

Updated 3 years ago · Published on 28 May 2023 10:30AM

US House speaker says agreement in principle reached on debt ceiling
According to media reports, US House Republicans are close to an agreement with the White House on raising the US debt ceiling to avert a possible default. – Pixabay pic, May 28, 2023

WASHINGTON – United States House Republicans are close to an agreement with the White House on raising the US debt ceiling to avert a possible default, reported Sputnik quoting media reports.

US House Speaker Kevin McCarthy said yesterday that White House and Republican negotiators were close to reaching a deal, but “not done yet”.

“House Republicans have an agreement in principle with the White House on a debt-limit deal,” NBC News political analyst Jake Sherman said on Twitter yesterday.

NBC News said that US President Joe Biden spoke by phone with McCarthy last night and that Republicans were expected to hold at least one call later in the night to brief members on a potential emerging deal. – Bernama, May 28, 2023

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