US: Congress close to deal before breaking for holiday, reports say

US: Congress close to deal before breaking for holiday, reports say

From bbc.com

US President Joe Biden and top Republican Kevin McCarthy appear to be inching closer to an agreement over the US debt ceiling - even as Congress breaks up for a holiday weekend. The pair are trying to reach a deal on raising the US borrowing limit so the government can keep paying its bills. Investors' fears of the US defaulting on its debts have grown - despite assurances that talks are progressing. Mr Biden spoke of "several productive conversations" with Mr McCarthy. During a White House event on Thursday, the president said his staff remained in conversation with the team of Mr McCarthy, the House speaker - ... (full story)

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