Biden calls tentative agreement ‘an important step forward’ but deal still needs to receive approval from a divided Congress
Legislation was being urgently worked on in Washington on Sunday to spell out the details of the tentative deal to raise the US debt ceiling struck between President Joe Biden and House speaker Kevin McCarthy hours earlier, with the aim of putting it before Congress and avoiding a catastrophic and unprecedented default in early June.
Members of Congress expect to be shown the details of the deal later on Sunday and McCarthy wants the forthcoming bill to be voted on in the House on Wednesday, he indicated in a press conference on Capitol Hill on Sunday mid-morning, noting that negotiators had been up all night.
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