Biden and McCarthy ‘closer to deal’ on debt ceiling

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The US House Speaker says there's been progress in the talks about a deal to raise the government debt limit for two years, and that negotiations with the White House will continue. Kevin McCarthy said the work would carry on until an agreement was reached - but he added this was just the start on cutting spending. The US needs to raise the debt ceiling so it can keep paying its bills and avoid a default that could happen in a week's time. Will Bain talks to the US Chamber of Commerce, billionaire and Republican donor Ken Fisher, and Mark Shepherd, the Mayor of Clearfield in Utah. (Picture: Speaker of the House Kevin McCarthy outside the US Capitol. Source: Getty Images)