Negotiators are closer to reaching a deal on raising the US debt ceiling with only seven days to go before the country faces an imminent threat of debt default. Talks are in a delicate and difficult phase, with sensitive issues remaining. President Joe Biden sounded a cautiously optimistic note, saying the only way to move forward is with a bipartisan agreement. House Speaker Kevin McCarthy said he did not know if a deal would be reached on Thursday. However, one influential Republican said it was likely a deal will be reached by Friday afternoon.

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