- Republican House Speaker McCarthy tries to contain a revolt from right-wing lawmakers opposed to his debt agreement with President Biden.
- Rank-and-file Republicans oppose the agreement, saying it severely waters down the party's initial demands in exchange for a rise in the debt limit.
- Failure to pass the legislation could trigger turmoil in financial markets as the US is expected to run out of cash to pay its bills on June 5.
- The agreement raises the debt ceiling until 2025 and sets caps on non-defence spending for the next two fiscal years.
- White House officials tried to convince as many Democrats as they could to back the deal.
Republican leaders try to quell debt deal revolt as US counts down to default
Time is running out to convince sceptical lawmakers to pass bill to raise borrowing limit
James Politi
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