09:06:54
Sources: The negotiating team is finalizing the text of the bill for the interim debt ceiling agreement.
09:05:49
Sources: Funds from the US Inflation Cut Act will go to the Clean Energy Fund, which provides financial support to low-income Americans and pollution cleanups.
09:05:25
Sources: US debt deal also includes reforms to reduce the number of vulnerable people of all ages who are vulnerable to time constraints.
09:04:36
Sources: U.S. debt ceiling deal fully funds veterans health care. The agreement does not include any of the changes to Medicaid that Republicans are seeking.
09:03:23
Sources: US debt deal avoids 22% cut and 10-year cap on non-defense discretionary priorities.
09:02:42
Sources: The structure of the two-year U.S. budget deal is in line with agreements reached during the past three debt-limit fights.
09:02:24
Source: No post-2025 budget cap in US debt deal.
09:01:42
Sources: U.S. debt ceiling deal keeps non-defense spending roughly flat this fiscal year and 2024. The agreed spending levels reflect those negotiated by the Biden administration at the end of the previous calendar year.
08:59:51
McCarthy, Speaker of the U.S. House of Representatives: Reached an agreement in principle on the U.S. debt ceiling.
08:59:10
According to the British Financial Times: Saudi Arabia is negotiating to join the BRICS New Development Bank.
08:47:30
According to CNN: US negotiators will spend one night reviewing the interim debt ceiling agreement.
08:44:41
US Democratic Congressman TED LIU: I was told that an agreement in principle has been reached on the debt limit agreement.
08:44:00
Source: There may be "a little thing or two" to be done about the debt ceiling deal, but the two sides are close enough to move on.
08:42:28
Bitcoin stood at $27,000 per coin, up 0.99% within the day.
08:39:28
According to the New York Times: The U.S. Debt Ceiling Agreement Raises the Debt Ceiling, Limiting Spending for Two Years.
08:32:03
[White House and Republicans reach debt ceiling deal to avoid historic U.S. default] The White House and Republican negotiators have reached a tentative deal to raise the U.S. debt ceiling and avoid a default that could shake the global economy, people familiar with the matter said. U.S. President Joe Biden and U.S. House of Representatives Speaker McCarthy must now steer a long-discussed framework agreement through final legislative passage, despite opposition from bipartisan hawkish lawmakers. With U.S. Treasury Secretary Janet Yellen warning that the debt ceiling extension must be completed by June 5 to avoid a historic default that would send borrowing costs soaring, there is little room for error.
08:27:03
U.S. President Joe Biden and U.S. House Speaker McCarthy have reached an agreement in principle on the debt ceiling.
08:25:11
According to PUNCHBOWL: The White House and the Republican Party reached a debt ceiling agreement.
08:08:00
Market news: US House of Representatives Speaker McCarthy will soon address House Republicans.
08:00:18
A drone attack occurred in Kiev, the capital of Ukraine. The mayor of Kiev said there was an explosion.
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