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Biden, McCarthy reach tentative US debt ceiling deal

General view of the US Capitol after US House Speaker Kevin McCarthy reached a tentative deal with President Joe Biden to raise the United States' debt ceiling and avoid a catastrophic default, in Washington, US, on 27th May, 2023

Washington DC, USReuters US President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to suspend the federal government’s $US31.4 trillion debt ceiling on Saturday evening, ending a months-long stalemate.  However, the deal was announced without any celebration, in terms that reflected the bitter tenor of the negotiations and the difficult path […]