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White House, Republicans achieve principal agreement on public debt — portal

The US House of Representatives is expected to vote on the initiative to raise the ceiling of public debt May 30

The U.S. Capitol AP Photo/Patrick Semansky

The U.S. Capitol

© AP Photo/Patrick Semansky

WASHINGTON, May 28. /TASS/. US President Joe Biden’s representatives and Republican Congressmen achieved a principal agreement on raising the country’s public debt ceiling and reduction of budget expenditures during consultations on avoiding a federal debt default on Saturday, the Punchbowl News reported with reference to its sources.

"House Republicans have an agreement in principle with the White House on a debt-limit deal," the portal said.

This involves reaching a preliminary agreement on raising the national debt ceiling, NBC reported. Earlier, Biden and Speaker of the US House of Representatives Kevin McCarthy (Republican, State of California) discussed the remaining issues within consultations on averting a default over the phone.

"Sources said the final details are still being confirmed," NBC noted.

The US administration has called on Congress in recent months to raise the national debt ceiling that is now set at $31.4 trillion. Republicans, who are in control of the House of Representatives, are traditionally skeptical about allowing greater debt and are pushing for reducing government spending.

US Treasury Secretary Janet Yellen has warned Congress that June 5 was the deadline for debt ceiling to be raised. A default in the US if Congress fails to raise the debt ceiling, would be an economic and financial catastrophe, Yellen noted. Biden and Republicans’ leaders in Congress agreed on holding regular consultations to avoid it. The US House of Representatives is expected to vote on the initiative to raise the ceiling of public debt on Tuesday, May 30.

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Gazprombank’s UnionPay cards no longer serviced in several countries

Ukraine’s military loses nearly 10,000 troops at LPR borders over week — military expert

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Dmitry Peskov noted that Russia is well aware of Romania’s current government’s policy

Putin, Turkish president hold phone talks — Kremlin

The leaders also discussed some international issues

Weapons supplied to Ukraine cannot reach Russian territory, Spanish defense minister says

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UK mercenary taken prisoner in Russia’s Kursk area — source

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US, European officials suggest returning nukes to Ukraine — NYT

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Russian, North Korean ministers of sport agree on exchanges in 2025 — KCNA

The Russian delegation has toured sports facilities and memorials in Pyongyang and viewed a Taekwondo demonstration

Press review: Russia to mass-produce Oreshnik missiles and EU gas prices reach record high

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Kremlin accuses Biden’s team of trying to thwart Trump’s efforts for settlement in Ukraine

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Russian troops mopping up enemy positions in Yelizavetovka in Donbass region — politician

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Trump ‘incredibly concerned’ about escalation in Ukraine, his NSA pick Waltz says

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Ukrainian army admits loss of 40% of territories it controlled in Kursk Region — agency

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British military instructor captured, Ukrainian losses: situation in Kursk Region

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German activists demand compensation from Ukraine for Nord Stream explosion

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No existing missile defense system can counter Oreshnik — US expert

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Russia to toughly respond to Japan’s steps against it — Deputy Foreign Minister

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Russian national Nikita Zhuravel sentenced to 14 years in prison for high treason

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Russia’s Sukhoi jet catches fire while landing in Turkey

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Russian forces pound Ukrainian military airfields, energy sites over day — top brass

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Russian MFA withholds public comment on nominee for new ambassador to US

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Cyprus submits NATO accession plan to US — report

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