US debt ceiling: Joe Biden and Kevin McCarthy seek to break impasse

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The president flies home from the G7 summit amid hopes of a deal with top Republican Kevin McCarthy. …

In exchange for support for raising the debt ceiling, Republicans are demanding budget cuts to the tune of $4.5tn (£3.61tn), which includes scuppering several of Mr Biden’s legislative priorities, while also seeking increased spending on the military and border security.

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