President Joe Biden and House Speaker Kevin McCarthy have reached a “tentative” agreement on raising the debt ceiling, following a lengthy phone call on Saturday evening, according to US media reports.
The “framework deal” was negotiated in “extended discussions,” but has yet to be pushed through Congress, amid objections from hardline lawmakers in both the Republican and the Democrat parties, Bloomberg reported citing people familiar with the talks.
An all GOP House conference call about the progress in negotiations was scheduled later on Saturday, according to Fox News sources.
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