US Republicans have offered President Barack Obama a short-term debt limit increase to stave off default.
House
of Representatives Speaker John Boehner said they would do so in
exchange for negotiations with the White House to end a government
shutdown that took effect on 1 October.Republicans will meet Mr Obama, who is a Democrat, later on Thursday.
Officials have warned the US risks default on 17 October if the nation's borrowing limit is not increased.
Mr Boehner told reporters on Thursday: "What we want to do is to offer the president today the ability to move a temporary increase in the debt ceiling in agreement to go to conference on the budget for his willingness to sit down and discuss with us a way forward to reopen the government."
Read more: BBC News - US Republicans make temporary debt-ceiling offer
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