‘Agreement in principle’ agreed in US debt crisis talks

The White House has reached an ‘agreement in principle’ with the Republicans on a deal to limit federal spending and resolve a looming debt crisis, according to media reports in the US (Patrick Semansky/AP)

The White House has reached an “agreement in principle” with the Republicans on a deal to limit federal spending and resolve a looming debt crisis, House Speaker Kevin McCarthy has confirmed.

The deal on a two-year budget is believed to include a debt-limit increase and enhanced work requirements for food aid.