Sources revealed that US President Biden and the House SpeakerMcCarthy has reached a debt limit agreement to end the long -term negotiation deadlock.

Comprehensive US media on Sunday (May 28) reported that the negotiation representatives of the White House and Republicans of the House of Representatives have reached an agreement in principle to avoid debt defaults.

Before the agreement was reached, Biden and McCarthy held a 90 -minute call meeting on Saturday (27th).Afterwards, McCarthy tweeted: "I just had a phone call with the president not long ago. After a few months of waste of time and refusing to negotiate, we reached an agreement worthy of the trust of the American people in principle."

McCarthy told reporters in Capitol Mountain, "We still have a lot of work to do tonight", and it is expected that the bill will be written on Sunday, and then calls with BidenExpress.

McCarthy also plans to report the negotiation process and delivered a speech to Republican MPs on Sunday.

Sources said that the negotiating personnel have agreed to limit the level of non -defense disposable expenditure at 2023 within one year and increase by 1%in 2025.

The U.S. government has been incomplete for a long time, and uses bonds to raise bonds.As of October last year, US debt has accumulated to $ 31 trillion (about S $ 4.168 trillion), and will soon touch the debt of US $ 3.1.4 trillion.Get funds for daily operations.

The U.S. Treasury has previously warned that the federal government's cash will be exhausted early in early June and triggers debt defaults.