United States President Joe Biden has finalised an agreement with House Speaker Kevin McCarthy to raise the debt ceiling over two years until January 1, 2025, saying the deal is ready to move to Congress for a vote.The Democratic president and Republican speaker spoke on Sunday evening as negotiators rushed to draft and post the bill’s text to enable lawmakers to review compromises that are unlikely to be popular with progressive Democrats or hard-right Republicans.The two men hope they can secure sufficient votes before the June 5 deadline to avert a first-ever default by the federal government. A vote in the House is expected on Wednesday.
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