US debt ceiling: Democrats and Republicans agree deal in principle, Joe Biden says
Written by Black Hot Fire Network on May 28, 2023
28 May 2023, 01:53 BST
Updated 1 hour ago
The White House and the Republicans have agreed in principle to raise the US debt ceiling and avert a default after weeks of bitter negotiations.
The deal still needs to be approved by a divided US Congress.
President Joe Biden described the agreement as a "compromise", while House Speaker Kevin McCarthy said it "has historic reductions in spending".
