Biden reaches 'tentative' U.S. debt ceiling deal: Report

Amid rising issues of a possible default by early June, the USA president Joe Biden and Republican Kevin McCarthy have reportedly reached an “settlement in precept” to boost the federal authorities’s multi-trillion greenback debt ceiling.

Based on a Might 28 report from Reuters, citing two sources accustomed to the negotiations, the “tentative” settlement to boost the U.S. authorities’s $31.4 trillion debt ceiling was reached after a 90-minute cellphone name between Biden and McCarthy on Might 27.

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