Sources: A streamlined version of the U.S. debt ceiling agreement has taken shape

ChainCatcher news, according to Jin10 citing sources, U.S. President Biden and House Speaker McCarthy are close to reaching an agreement on the U.S. debt ceiling, with a difference of only $70 billion in discretionary spending. The source and another person familiar with the negotiations stated that the final agreement is likely to be a streamlined deal containing several key figures, rather than a lengthy document spanning hundreds of pages that would require lawmakers days to draft, read, and vote on. (source link)