US President Barack Obama says Republican and Democratic leaders have reached an agreement on raising the US debt limit and avoiding default.
He said the deal would cut $1tn of spending over 10 years, and set up a committee to report by November on a proposal to further reduce the deficit.
But Congress still has to approve the deal, and with votes in both houses expected on Monday.
The parties face a Tuesday deadline to raise the $14.3tn (£8.7tn) debt...
