Sections

About

Get the app

Follow us on

World

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

Related News

Malaysia / 1mth

MACC studying petroleum cargo issue, says source

Malaysia / 11mth

Trump’s 'White House pen' becomes a memento for Anwar at trade signing

Opinion / 1y

The Trump dilemma and reclaiming balance: The urgent need for fair global trade

Malaysia / 2y

Sanctions on 4 Malaysia-based companies still in place, says US official

Business / 2y

US court orders J&J, Kenvue to pay US$45 million over death of baby powder user

World / 2y

Aid for Ukraine held hostage by US politics

Spotlight

Malaysia

Tuanku Muhriz to focus on state affairs; Will not attend Conference of Rulers meeting

Malaysia

Sarawak projects record RM15.09b revenue, budgets RM10.1b for development in 2027

Malaysia

Sultan Nazrin: Delay in environmental action places future generations at risk

Malaysia

Woman allegedly raped at KL shopping centre after being threatened with intimate video

Malaysia

Jordan’s King confers highest civilian honour on Sultan Ibrahim

Malaysia

Driver monitoring aims to stop commercial vehicle crashes before they happen

Malaysia

KTMB heritage sites set for tourism makeover, says Loke

Malaysia

Zara Qairina’s mother: No doctors recorded injuries consistent with being beaten

You may be interested

World

Houthi attacks hit Riyadh, Dammam airports as Saudi Arabia faces mounting security threat

World

India releases youth protest leaders after detention as voter-list row deepens

World

Iran says US response on Hormuz Strait reopening proposal falls short

World

Indonesia rules out national disaster status for forest fires despite regional haze

World

Man dies after entering tiger enclosure at UK wildlife park

World

North Korea test-fires tactical ballistic missile amid rising regional tensions

World

Five Malaysians held in Tokyo over RM3.1m cocaine haul hidden in shoes

World

Fresh magnitude-6 earthquake strikes Panama after deadly tremor