President Joe Biden and House Speaker Kevin McCarthy compromised on bitterly contested disputes over federal spending and assistance for the poor as part of their debt-limit deal. They must now sell the deal to lawmakers from both parties.
Getting a US debt-limit deal is one thing. Overcoming entrenched political divisions and time-consuming procedural hurdles to pass the legislation before a June 5 default deadline is another challenge altogether.
White House and Republican negotiators reached a tentative deal late Saturday to raise the US debt ceiling and avert a default that threatened to send tremors through the global economy.
President Joe Biden and House Speaker Kevin McCarthy spoke by phone Saturday evening as their negotiators on a debt-limit deal rush to finalize an agreement to avert a catastrophic default, two people familiar with the matter said.
Brazil’s environmental authority said it will review Petrobras’s request to drill its first well at an offshore oil frontier known as the Equatorial Margin.
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