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Debt ceiling negotiators close to a deal, with IRS funding in the spotlight


WASHINGTON — The White House and congressional negotiators were closing in on a compromise agreement on Friday to raise the debt ceiling for two years, with just six days to go before the nation faces a grave threat of debt default.Markets rose Friday morning, buoyed in part by optimism that the sides would reach a deal in time to meet the Treasury Department’s June 1 deadline. Failure to lift the borrowing limit could damage the U.S. economy and jeopardize benefits millions rely on to survive.House Speaker Kevin McCarthy also appeared upbeat as he arrived at the Capitol on Friday morning.”I thought we made progress last night. We’ve got to make more progress now,” the California Republican told reporters.Under the deal currently on the table, House Republicans would achieve at least two of t …

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