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The House of Representatives has voted to introduce a bill to raise the US debt ceiling, a major victory for Republican House Speaker Kevin McCarthy that brings Washington much closer to averting a devastating default.The House of…

Republican leaders and the White House secured key lawmakers' support for their agreement to avoid a harmful default on US debt, increasing confidence that the agreement can be quickly approved by Congress.Republican House Speaker…

US President Joe Biden struck a deal with Kevin McCarthy, the Republican Speaker of the House, that would avert a looming debt default in early June and ease the global economy and financial markets. Biden and McCarthy reached a…