[HIGHLIGHTS] Dispute over debt ceiling: According to the US Treasury Secretary, default is not imminent until June 5 at the earliest

The US government and the Republicans have a few more days to agree on the dispute over the debt limit. Without an agreement, the U.S.

faces default in early June, with potentially devastating economic and financial consequences. There are signs of a compromise in the making, according to the New York Times. However, the Biden-controlled Senate and the Republican-controlled House of Representatives would still have to approve a deal, which is why majorities in both chambers of Congress do not seem certain.