US lawmakers on call over Memorial Day weekend after leaving Washington as 1 June nears

Talks were reportedly close to conclusion on Friday afternoon on an outline deal to increase the US debt ceiling and avoid a disastrous and unprecedented default, with Wall Street and European shares rising as the White House and congressional Republicans worked on the final touches of a package to present to Congress.

US lawmakers are on call over the Memorial Day holiday weekend after leaving Washington without a deal and with deadline day to avoid the prospect of default, 1 June, just six days away.

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