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WASHINGTON: President Joe Biden and Home Speaker Kevin McCarthy reached an “settlement in precept” to lift the nation’s authorized debt ceiling late Saturday as they raced to strike a deal to restrict federal spending and avert a doubtlessly disastrous US default.
Help from each events can be wanted to win congressional approval subsequent week earlier than a June 5 deadline.
The Democratic president and Republican speaker reached the settlement after the 2 spoke earlier Saturday night by telephone, stated McCarthy.
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