Biden says he’s ‘very optimistic’ about a debt ceiling deal

• President Joe Biden said negotiators were “very close” to a compromise agreement Friday evening to raise the debt ceiling.
• House Republicans appeared on track to win on some top priorities, including rescinding some of the $80 billion allocated for the IRS by last year’s Inflation Reduction Act.
• New guidance from the Treasury Department estimated that the U.S. would not run out of money to pay its bills before June 5 — four days later than the previous estimate.

Debt ceiling: Biden optimistic about deal (cnbc.com)