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House Speaker Kevin McCarthy says Republican negotiators are “closer to an agreement” that would resolve the looming debt crisis, but there's no deal yet with President Joe Biden. McCarthy also says there's no firm timeline for a final compromise that would raise the nation’s borrowing limit and avoid a catastrophic default while also making spending cuts that House Republicans are demanding. House negotiators left the Capitol after 2 a.m. Saturday and returned hours later. McCarthy tells reporters that "we’ll get it when it gets right." Biden said on Friday evening before departing for Camp David that bargainers were “very close.”