US debt ceiling: Biden, GOP agree to 2 year budget deal "in principle"

Republican leaders in the House of Representatives and the White House appear to have reached an “agreement in principle” to raise the debt ceiling — just over a week before the deadline to avoid a potential default.

Republican Speaker Kevin McCarthy tweeted the news Saturday night, and held a very short press conference afterward. He said the parties have come to an “agreement in principle that is worthy of the American people.”

“We still have a lot of work to do,” McCarthy said on Saturday night, indicating to reporters that “the writing of it” was still left to be done in the evening.

He said the text is expected to be posted on Sunday, with a vote on Wednesday.

For more info, please go to https://globalnews.ca/news/9728175/debt-ceiling-deal-agreement-in-principle/

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