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hello. i m lukwesa burak. within the past couple of hours, president biden and the republican house speaker, kevin mccarthy, have reached an agreement in principle on a new government debt limit, ending weeks of wrangling. mr mccarthy said there would be historic reductions in spending, and no new taxes or government programmes. democrats and republicans have untiljune 05 to reach agreement to prevent the us government running out of money. this is how mr mccarthy announced the breakthrough. after weeks of negotiations we have come to an agreement in principle. we still have a lot of work to do but i believe this is an agreement in principle worthy of the american people. it has historic reductions in spending, consequential reforms that will lift people out of poverty into the workforce, reign in government overreach, no new taxes, no new government programmes, and a lot more within the bill. we still have more work to do tonight to finish all of the writing of it. i d ....
On bbc news. we had kevin mccarthy their say he had, or there were lots of westerns are yet to be answered. what are your principal questions about this agreement in principle? i want to be careful to make sure that people understand the difference between a default and government shutdown. the us has never defaulted on debt in the history of the us. on the other hand, we have had a government shutdown, the debt ceiling has been raised about 24 ceiling has been raised about 2k times in the last 20 years 2a times in the last 20 years or so. 2a times in the last 20 years orso. so, this kind 2a times in the last 20 years or so. so, this kind of brinkmanship makes it really tough on entry one, not being able to shut everyone, not being able to come up with what is happening earlier. i do think the questions are exactly what the details are going to be in terms of the cuts in spending. i think some of the things that have come out, basically there will be work requirements of people getting ....