Has an agreement finally been reached? On Friday, the White House and negotiators continued to hammer out a compromise rich in hidden political agendas to avoid a US default that could still happen on June 5 instead of June 1, providing a short extra window of time, AFP reported.

“We’re closer (to a deal), but it’s not done yet,” a source close to the talks said, skeptical of an announcement as early as Friday.

“We made progress yesterday, and I want to make even more progress today,” said the main Republican hero of this political and financial soap opera, House Speaker Kevin McCarthy.

But “nothing can be taken for granted until an agreement is reached,” he added, precisely to put pressure on Democratic President Joe Biden.

There is no shortage of pressures in this business that are difficult to understand outside the United States and generally outside the Washington bubble.

However, the date by which the US Treasury will no longer be able to meet its financial obligations has been adjusted and is now set to June 5 instead of June 1 earlier, giving a few days of respite.

“Based on the most recent data available, we estimate that the Treasury will not have sufficient resources to meet government obligations unless Congress raises or suspends the debt ceiling by June 5,” U.S. Treasury Secretary Janet Yellen said Friday in leaves to Congress.