On the evening of the 27th, US President Biden and Republican Speaker of the House of Representatives McCarthy announced that they have reached preliminary agreement on the federal government's debt ceiling and budget, and are expected to submit the relevant agreement text to Congress for vote soon. Biden issued a statement that night stating that this is an important step forward and represents a compromise between the two sides. The negotiation teams of both parties will complete the discussion of the legislative text on the 28th and then submit it to both houses of Congress in the United States. McCarthy stated that members of Congress will receive the relevant agreement text on the 28th, and the House of Representatives will vote on May 31st. US Treasury Secretary Yellen stated on the 26th that if Congress does not raise or suspend the debt ceiling, it is estimated that Treasury funds will not be sufficient to meet payment obligations by June 5th. According to the information released by the US Treasury Department, the current debt scale of the federal government of the United States is about 31.46 trillion US dollars. (New News Agency)