US President Joe Biden and Republicans led by Kevin McCarthy expect to reach a deal on the debt ceiling limit on Friday. Biden and McCarthy agreed to raise the debt ceiling for two years and will finalize the deal as US Treasury Dept funds dropped further and rating agencies warned of a negative rating.
Breaking: Biden-McCarthy Debt Ceiling Deal To Finalize Today; PCE Inflation Rises To 4.7%
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26 May 2023 12:56, UTC