hello, i m lukwesa burak. president biden has said a deal with republicans to raise the us government debt ceiling is very close and he s optimistic it will be achieved. the two sides have a little more breathing room after the treasury secretary, janet yellen, extended the deadline slightly, saying the government would not run out of money untiljune 5. they re working on an agreement that would ensure no repeat of the stand off before next year s presidential election. as the clock ticked down to the midnight deadline which hasjust passed mr biden hinted a deal might be not be too far away. with regards to the debt limit, things are looking good. i m very optimistic. i hope we ll have some clearer evidence tonight, before the clock strikes 12:00, that we have a deal. but it s very close and i m optimistic. and our north america correspondent nomia iqbal sent us this update. lawmakers have now been given a little more time to find that much needed solution. many of them h
we begin right here in washington d.c. where democrats and republicans are scrambling to close a deal on raising the federal debt limit. there is still no deal in place but as many lawmakers leave for a holiday weekend. president biden has hinted a deal might be not be too far away. with regards to the debt limit, things are looking good, i m very optimistic. i hope we will have some clearer evidence tonight, before the clock strikes 12, that we have a deal. but it is very close and i am optimistic. so according to the president, we might get the news of a deal in under three hours time. a top republican negotiator, patrick mchenry, says he s hopeful a deal will come together before midnight but significant challenges remain. earlier, the us treasury secretary janet yellen sending this letter to congressional leaders. she now says the us has until june 5th to avoid a default. she had previously said june 1st. if republicans and the white house fail to reach a comprimise, t
hello i m sumi somaskanda. we begin right here in washington dc where democrats and republicans are scrambling to close a deal on raising the federal debt limit. there is still no deal in place but as many lawmakers leave for a holiday weekend, president biden has hinted a deal might be not be too far away. with regards to the debt limit, things are looking good, i m very optimistic. i hope we will have some clearer evidence tonight, before the clock strikes 12, that we have a deal. but it is very close and i am optimistic. so according to the president, we might get the news of a deal in less than an hour. a top republican negotiator, congressman patrick mchenry, was a bit more cautious with his assessment, saying: we are in the window by which we meet thejune five deadline. it s not over, we re not done. but we have to come to some tough terms in these closing hours. earlier on friday, congress got a bit more runway for its negotiations. us treasury secretary janet yell
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