Joe Biden and Kevin McCarthy have reached a tentative deal to raise their debt ceiling and avert a default, after weeks of bitter negotiations
US network CBS reported there was an agreement to cap non-defence government spending at 2023 levels for one year and increase it by one per cent in 2025. It added there would be no major changes to Medicaid health insurance.In a statement, he said: “The agreement represents a compromise, which means not everyone gets what they want. That’s the responsibility of governing.
Kevin McCarthy speaks during a news conference after agreeing “in principle” with President Joe Biden and McCarthy to resolve the looming debt crisis
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Republicans claim progress in talks with White House over debt ceiling\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
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White House reaches deal with Republicans to avert US debt default\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
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