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President Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” on raising the US debt ceiling, according to sources in Washington.

The tentative deal would bring to an end the months-long stalemate between the Republican controlled Congress and Democrat run White House.

Currently, the debt ceiling stands at $31.4trn (£25.4trn) with the new limit yet to be announced.

Mr Biden and Mr McCarthy held a 90-minute phone call on Saturday evening to discuss the deal, as the 5 June deadline looms.

Following the conversation, the speaker tweeted: “I just got off the phone with the president a bit ago.

“After he wasted time and refused to negotiate for months, we’ve come to an agreement in principle that is worthy of the American people.”

During a very brief press conference on Capitol Hill Mr McCarthy said they “still have more work to do tonight to finish the writing of it”, adding that he expects to finish writing the bill on Sunday, then hold a vote on Wednesday.

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The deal would avert an economically destabilising default, so long as they succeed in passing it through the narrowly divided Congress before the Treasury Department runs short of money to cover all its obligations.

Republicans have pushed for steep cuts to spending and other conditions, including new work requirements on some benefit programmes for low-income Americans and for funds to be stripped from the Internal Revenue Service, the US tax agency.

They said they want to slow the growth of the US debt, which is now roughly equal to the annual output of the country’s economy.

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Exact details of the deal were not immediately available, but negotiators have agreed to cap non-defence discretionary spending at 2023 levels for two years, in exchange for a debt ceiling increase over a similar period, according to Reuters news agency.

The impasse frightened the financial markets, weighing on stocks and forcing the US to pay record-high interest rates in some bond sales.

A default would take a far heavier toll, economists say, likely pushing America into recession, rocking the world economy and cause unemployment to spike.

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Hurricane Francine: Trapped driver rescued from floodwater in New Orleans live on TV

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Hurricane Francine: Trapped driver rescued from floodwater in New Orleans live on TV

A dramatic rescue was captured on live TV in New Orleans as Hurricane Francine swept in to the city.

The category two storm made landfall in the state of Louisiana on Wednesday night, bringing strong winds and heavy rains which caused flooding and knocked out electricity to more than a quarter of a million properties.

Jonah Gilmore, a reporter with New Orleans channel WDSU, was live on air when he spotted a vehicle driving into floodwater.

“We saw the pickup truck going into the canal underpass from the opposite direction… going against traffic… when this area was blocked off,” he said.

The panicked reporter flagged down a nearby police officer as he described how the water was “coming up so quickly” – but as he did so a passing Good Samaritan also leapt into action and approached the car with a hammer.

Mr Gilmore told viewers: “You can see that guy breaking the [vehicle’s] window.”

The footage then showed a man’s head emerging from a rear door window and squeezing through the gap.

The driver was eventually led to safety by the rescuer, Miles Crawford, before firefighters arrived at the scene.

Two vehicle on Olive street are flooded during Hurricane Francine in New Orleans, Wednesday, Sept. 11, 2024. (David Grunfeld/The Times-Picayune via AP)
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Submerged cars in New Orleans: Pic: AP

Mr Crawford, who works in a hospital ER department, said afterwards: “I just had to go in there and get him. I’m a nurse so I got to save lives.”

Hurricane Francine came ashore in Louisiana with winds approaching 100mph in Terrebonne Parish, about 30 miles southwest of Morgan City, according to the National Hurricane Centre.

It prompted evacuation orders for thousands of people in a region which has still not fully recovered from a series of devastating hurricanes in 2020 and 2021.

Boats and campers line the side of the road on LA Hwy 46 just inside of the levee gate as Hurricane Francine was intensifying before its expected landfall on the U.S. Gulf Coast, in New Orleans, Louisiana, U.S. September 11, 2024. REUTERS/Edmund Fountain
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Evacuation orders were issued before the hurricane hit. Pic: Reuters

Morgan City firefighters respond to a home fire during Hurricane Francine in Morgan City, La., Wednesday, Sept. 11, 2024. (AP Photo/Gerald Herbert)
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Firefighters in Morgan City, near where the storm made landfall. Pic: AP

Morgan City fire chief Alvin Cockerham said the hurricane quickly flooded streets, snapped power lines and sent trees crashing down.

“It’s a little bit worse than what I expected to be honest with you…. it’s too dangerous to be out there in this,” he said.

The hurricane’s path later moved inland, cutting power supplies for 261,000 properties across southeast Louisiana, before weakening to a tropical storm.

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Much of Louisiana and Mississippi could be hit by 10 to 20cm (4 to 8in) of rain, with the possibility of 30cm (12in) in some places, said Brad Reinhart, a senior specialist at the hurricane centre.

Francine is the sixth named storm of the Atlantic hurricane season and was fuelled by exceedingly warm waters in the Gulf of Mexico.

President Joe Biden has approved emergency support to help Louisiana secure federal money and assistance.

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MTV VMAs: Taylor Swift matches Beyonce as most-awarded artist while Katy Perry shocks on stage

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MTV VMAs: Taylor Swift matches Beyonce as most-awarded artist while Katy Perry shocks on stage

Taylor Swift has won seven gongs at the 2024 MTV Video Music Awards (VMAs), equalling Beyonce in a career total of 30 and matching her as most-awarded musician in VMAs history.

Swift, who used her platform to urge Americans to vote in the upcoming presidential elections, picked up prizes including video of the year for Fortnight, featuring Post Malone, artist of the year and best collaboration.

While Swift overtook Beyonce as the most decorated solo artist in VMA history, the Single Ladies singer has previously picked up gongs for being in girl group Destiny’s Child, and her collaborations with husband Jay-Z as The Carters.

Beyonce did not win any new awards at this year’s VMAs and was notably shut out of the Country Music Association Awards earlier this week.

Upon receiving her award for video of the year, Swift thanked her boyfriend, NFL player Travis Kelce, for his support, saying: “Everything this man touches turns to happiness and fun and magic.”

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‘Taylor Swift is America’

She also encouraged her fans who are over 18 to register to vote in the upcoming US election, although she avoided directly mentioning her endorsement of vice president Kamala Harris.

On Tuesday, after a presidential debate between Ms Harris and Republican candidate Donald Trump, Swift endorsed the Democratic candidate on Instagram, writing: “I think she is a steady-handed, gifted leader and I believe we can accomplish so much more in this country if we are led by calm and not chaos.”

Swift jokingly signed off her endorsement “childless cat lady” – a move which was followed by Fleetwood Mac star Stevie Nicks shortly after.

MTV Video Music Awards 2024 - Red Carpet ** STORY AVAILABLE, CONTACT SUPPLIER** Featuring: Katy Perry Where: New York, New York, United States When: 11 Sep 2024 Credit: Janet Mayer/INSTARimages.com  (Cover Images via AP Images)
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Katy Perry won the VMA lifetime achievement award. Pic: AP

Elsewhere, Katy Perry also made VMA history, becoming the first singer to win the Vanguard award – the VMA’s lifetime achievement award – having previously won video of the year and also present the ceremony in previous years.

The stakes were high for the I Kissed A Girl singer after her comeback album – 143 – was panned by fans and critics alike, with the first two singles from the collection sinking without trace.

Katy Perry, far left, performs during the MTV Video Music Awards on Wednesday, Sept. 11, 2024, at UBS Arena in Elmont, N.Y. (Photo by Charles Sykes/Invision/AP)
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Katy Perry performs a medley of her songs. Pic: AP

Perry performed a medley of her biggest songs, including Roar, Teenage Dream and Firework, with her stage show including a risqué performance with rapper Doechii, during which the pair wrapped their legs around each other and lay on the stage.

Accepting her award, which was presented to her by her husband British actor Orlando Boom, Perry said: “There are so many things that have to align to have a long and successful career as an artist. There are no decade-long accidents.”

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Bloom and Perry shared an on-stage kiss after the singer accepted the award, with Perry thanking him “for keeping me grounded”.

She also paid tribute to their four-year-old daughter, Daisy Dove, saying: “Lastly, for my Daisy, the only flowers I’ll ever need.”

Sabrina Carpenter performs "Please Please Please" during the MTV Video Music Awards on Wednesday, Sept. 11, 2024, at UBS Arena in Elmont, N.Y. (Photo by Charles Sykes/Invision/AP)
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Sabrina Carpenter performs Please Please Please. Pic: AP

Elsewhere, Sabrina Carpenter picked up song of the year for Espresso, while Good Luck, Babe singer Chappell Roan was named best new artist and Blackpink’s LISA won the best K-pop award.

Carpenter wore the same silver sequined Bob Mackie gown that Madonna wore to the 1991 Academy Awards, and surprisingly kissed an alien during her performance of a medley of her hits which included Please Please Please, Taste and Espresso.

MTV Video Music Awards 2024 - Red Carpet ** STORY AVAILABLE, CONTACT SUPPLIER** Featuring: Chappell Roan Where: New York, New York, United States When: 11 Sep 2024 Credit: Janet Mayer/INSTARimages.com  (Cover Images via AP Images)
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Chappell Roan won best new artist. Pic: AP

Meanwhile, Roan channelled Joan of Arc for her medieval performance of Good Luck, Babe – a summer hit that has made her a break-out star.

Roan – who last month sparked a conversation about boundaries after posting videos online urging fans to stop “harassing her” – had recently faced push-back after cancelling two European shows to play the VMAs.

Eminem performs "Houdini" during the MTV Video Music Awards on Wednesday, Sept. 11, 2024, at UBS Arena in Elmont, N.Y. (Photo by Charles Sykes/Invision/AP)
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Eminem performs Houdini. Pic: AP

Eminem won prizes for best hip-hop video and best visual effects, making him the solo male artist with the most wins with a total haul of 14 gongs.

He performed his two latest singles, Houdini and Somebody Save Me, entering the stage with dozens of dancers all sporting bleach blonde wigs.

It was a nod to his 2000 VMA performance of The Real Slim Shady, where he sang at the ceremony in front of hundreds of extras dressed just like him.

The 2024 MTV VMAs will be screened in the UK on MTV and Paramount Plus at 8pm on Thursday 12 September

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SpaceX Polaris Dawn: Billionaire Jared Isaacman becomes first person to take part in private spacewalk

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SpaceX Polaris Dawn: Billionaire Jared Isaacman becomes first person to take part in private spacewalk

An American billionaire has become the first person to take part in a private spacewalk – against the spectacular backdrop of the Earth.

A spacewalk is considered one of the most dangerous activities an astronaut can do in orbit.

SpaceX Polaris Dawn spacewalk – live updates

SpaceX Polaris Dawn spacewalk
Pic: SpaceX
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Jared Isaacman outside the Dragon capsule. Pic: SpaceX

It was delayed by around four hours earlier this morning – with no explanation given – before final safety checks of the spacesuits and equipment were carried out and SpaceX officials confirmed the mission was “go for spacewalk”.

First images broadcast from inside the Dragon capsule showed the four-strong crew preparing for the historic event – and sharing fist bumps with each other.

Pic: SpaceX via AP
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The crew inside the Dragon capsule ahead of the scheduled spacewalk. Pic: SpaceX via AP

SpaceX Polaris Dawn spacewalk - live
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Pic: SpaceX

Daredevil Jared Isaacman, 41, was the first to exit the capsule – joining a small, elite group of spacewalkers who until today had included only professional astronauts.

After opening the hatch, a body camera showed his ascent through the narrow opening before incredible footage showed the spacewalk taking place to huge cheers from mission control at Cape Canaveral.

“It’s gorgeous,” he said, in awe of what he could see, as he eased out of the spacecraft into the vacuum of space, hundreds of miles from Earth.

He kept a hand or foot attached to the capsule the whole time as he flexed his arms and legs to see how the new spacesuit held up.

“The handsfree demonstration is very comparable to the trainer, in terms of the foot restraint,” he added, as he tested his spacesuit.

He had said before lift-off earlier this week: “Whatever risk is associated with it, it is worth it.”

“I wasn’t alive when humans walked on the moon,” he said. “I’d certainly like my kids to see humans walking on the moon and Mars, and venturing out and exploring our solar system.”

The tech entrepreneur blasted into space from Cape Canaveral in Florida before dawn on board a SpaceX Falcon 9 rocket on Tuesday for the five-day flight – along with mission pilot Scott Poteet, 50, a retired US Air Force lieutenant colonel, and SpaceX employees Sarah Gillis, 30, and Anna Menon, 38, both senior engineers at the company.

Ms Gillis followed Mr Isaacman out of the capsule on Thursday to carry out the same mobility tests.

The pair bobbed up and down in weightlessness, no higher than their knees out of the capsule.

Astronauts from left, mission specialist Anna Menon, pilot Scott Poteet, commander Jared Isaacman and mission specialist Sarah Gillis. Pic: AP
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Astronauts from left, mission specialist Anna Menon, pilot Scott Poteet, commander Jared Isaacman and mission specialist Sarah Gillis. Pic: AP

The mission, called Polaris Dawn, to test a new line of spacesuits is the Elon Musk-led company’s riskiest mission yet – from a space capsule that doesn’t have a safety airlock, and in suits far slimmer than the bulky protective layers worn by NASA astronauts.

It is the first of three funded by Mr Isaacman – a pilot and the billionaire founder of electronic payment company Shift4.

He has refused to say how much he is paying for the missions, but they are believed to have cost hundreds of millions of dollars based on Crew Dragon’s roughly $55m (£42m) per-seat price for other flights.

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Ms Gillis could be heard saying “pretty good” as she carried out her spacewalk – before she followed Mr Isaacman back into the capsule, after being told what sounded like she had less than six minutes of oxygen supply left.

“Pressure indicates good seal,” mission control told the astronauts, reassuringly, as the hatch was shut again.

“That was really cool,” said one of the presenters on the SpaceX live stream.

Mr Menon and Mr Poteet remained inside the spacecraft during the spacewalk.

Only government astronauts with several years of training have done spacewalks in the past.

There have been around 270 on the International Space Station (ISS) since it was set up in 2000, and 16 by Chinese astronauts on Beijing’s Tiangong space station.

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