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AAP

Politics

Poppy Johnston

PM stresses importance of resolving US debt ceiling

United States Anthony Albanese Shane Oliver Joe Biden Labor

Anthony Albanese told the Labor caucus is was understandable the US president had to cancel. (Lukas Coch/AAP PHOTOS) (AAP)

Australia's prime minister remains concerned about the tense US debt ceiling negotiations that could have dire consequences for the global economy if a deal is not struck in time.

President Joe Biden and House Speaker Kevin McCarthy have been locked in negotiations to lift the limit on public borrowing before the rough deadline of June 1.

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