The Republicans led by McCarthy caved in for a deal in which the BBC reported it as "Negotiators agree a deal in principle"
Democrats wanted to raise certain taxes.
US debt ceiling: Negotiators agree a deal in principle, McCarthy says
Republicans have said they will not raise the debt ceiling unless the government reduces its spending in the years ahead.
Democrats have countered with proposals to raise certain taxes.
Democrats have countered with proposals to raise certain taxes.
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