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Bangkok Post
Bangkok Post
World

Washington inching closer to debt deal

US lawmakers are set to take a 10-day break starting this Memorial Day weekend, but would be called back to vote if a debt ceiling deal is reached. (Photo: AFP)

WASHINGTON: Democrats and Republicans inched towards a deal on Friday, ahead of a long weekend, to extend the US debt ceiling and avoid a crippling default that could hit the world's biggest economy within days.

As the Treasury's estimated deadline of next Thursday for the government running out of money loomed, there were glimmers of optimism in Washington that the two sides will finally compromise.

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