Ten Things You Need to Know Today: 1 June 2023

The Week’s daily digest of the news agenda, published at 8am

1. US debt deal goes to Senate

The House of Representatives has approved a deal to allow the US to borrow more money, just days before the nation was due to start defaulting on its debt. The measure passed the chamber by a comfortable vote of 314-117. The bill now heads to the Senate with only five days to go before the government would run out of cash to pay debts. The development was a “dramatic conclusion” to “weeks of tense negotiations between the White House and Republican House Speaker Kevin McCarthy”, said CNBC.

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