US Politics

‘Agreement in principle’ reached in US debt crisis talks

Deal is believed to include a debt-limit increase and enhanced work requirements for food aid

  • May 28, 2023
Kevin McCarthy, House Speaker: “I believe this is an agreement in principle that’s worthy of the American people.” Picture: Gary Coronado

The White House has reached an “agreement in principle” with the Republicans on a deal to limit federal spending and resolve a looming debt crisis, House Speaker Kevin McCarthy has confirmed.

The deal on a two-year budget is believed to include a debt-limit increase and enhanced work requirements for food aid.

McCarthy said he spoke to President Joe Biden by phone on Saturday about the agreement which could be voted on in the House and ...