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The Latest Breaking News on Dow Jones Gains Despite Johnson Debt-Plan Hurdles; Cathie Wood Buys This Stock Amid 22% Plunge

Biden, McCarthy reach final deal on debt ceiling days before potential default

With days to spare before a potential first-ever government default, President Joe Biden and House Speaker Kevin McCarthy reached final agreement Sunday on a deal to raise the nation's debt ceiling and worked to ensure enough Republican and Democratic votes to pass the measure in the coming week.

France 24

PwC stands down nine partners, chairman exits over tax scandal, ASX gains on US debt ceiling deal optimism — as it happened

After posting a weekly fall, the Australian share market has jumped at the start of trading, ahead of inflation data and the RBA governor speaking this week. Look back on the day's events and insights from our business reporters on the ABC News markets blog.

ABC News

What’s in the cliffhanger deal struck by Biden and McCarthy to raise the debt limit?

Agreement will prevent US from defaulting on loans and losing credit rating

The Independent UK

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Debt ceiling agreement gets thumbs up from biz groups, jeers from some on political right

The reviews are starting to come in as details emerge about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy

The Independent UK

Debt Ceiling Deal Curtails GOP-Backed Budget Cuts, Spending Caps

The deal will freeze non-military discretionary spending this year and allow a 1 percent increase in 2024.

Reason

Debt ceiling negotiators reach a deal: 5 essential reads about the tentative accord, brinkmanship and the danger of default

President Joe Biden and House Speaker Kevin McCarthy on May 27, 2023, agreed in principle to a tentative deal that would raise the debt ceiling while capping some federal spending at current levels.

The Conversation

Democrats look set to back 11th hour debt ceiling deal – while GOP right-wingers threaten to blow it up

Deal aims to avoid disastrous default

The Independent UK

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The debt ceiling deal isn’t perfect but it’s the only one – and it must pass

What happens from here depends on how many members of the House prefer governing to chaos

The Guardian - US

Debt ceiling deal slammed as "cruel"

"Hungry people are set to lose food while tax cheats get a free pass"

Salon

Democrats and Republicans agree to raise US debt ceiling

Joe Biden says agreement is ‘a compromise’ but hails it as ‘good news for the American people’

Evening Standard

Biden, GOP reach debt-ceiling deal, now Congress must approve it to prevent calamitous default

President Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis

The Independent UK

What's next on the debt ceiling: Selling the plan, and making a deal into a law

After weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have announced an “agreement in principle” to raise the nation’s debt ceiling and avoid a potentially catastrophic default

The Independent UK

Biden, McCarthy reach tentative deal to raise US debt ceiling

Deal raises debt limit for two years while capping spending, but uncertainty remains on whether it can pass Congress.

Al Jazeera

Biden cuts deal in principle with Republicans to avert catastrophic US default

WASHINGTON - US President Joe Biden and Republican lawmakers struck a deal in principle to raise the country's debt ceiling Saturday, in a crucial first step towards eliminating the threat of a disastrous default with just days to spare.

Bangkok Post

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Reuters

Biden, McCarthy reach tentative US debt ceiling deal

U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to suspend the federal government's $31.4 trillion debt ceiling on Saturday evening, ending a months-long stalemate.

The New Daily

Tentative deal struck to raise US debt limit and avert default crisis

Biden and top Republican Kevin McCarthy have reached a tentative deal to raise the federal government's $US31.4 trillion debt ceiling

ABC News

Joe Biden and Kevin McCarthy reach 'agreement in principle' on US debt ceiling

US House Speaker Kevin McCarthy and President Joe Biden race to strike a deal to limit federal spending and resolve the looming debt crisis ahead of a June 5 deadline.

The Independent UK

Debt ceiling deal reached between Biden and McCarthy

Tentative deal will avert a worldwide financial catastrophe

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The Guardian - US

Biden and McCarthy reach ‘in principle’ deal to raise debt ceiling days before US default

Agreement will reportedly raise debt limit for two years, but deal still needs approval from a divided US congress

Roll Call

Bipartisan deal reached to raise debt limit, cap appropriations - Roll Call

The White House and top Republicans reached an agreement in principle to raise the debt ceiling and set caps on discretionary spending.

Wales Online

Biden confident global economic disaster can be avoided over next few days

US government’s debt ceiling crisis 'very close' to being resolved

Axios

Sen. Kyrsten Sinema enters debt ceiling talks to try to resolve split on energy permitting

Her late entrance signals that negotiators are exploring new ways to solve thorny issues.

Fortune

Democratic veterans from 2 decades of budget wars say the national debt isn't worth holding the U.S. and global economy 'hostage'

"If the future is what you care about, then doing things that hurt the future doesn't make sense.”

The Independent UK

Biden says debt deal 'very close' even as two sides far apart on work requirements

Work requirements for federal food aid recipients have emerged as a final sticking point in negotiations over the looming debt crisis, even as President Joe Biden says a deal is “very close.”

The New Daily

Four-day reprieve before US is officially bankrupt

Democrat and Republican negotiators have gained a few more days to reach a deal to raise the US government's $31.4 trillion debt ceiling, as Treasury

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