That’s a wrap for our live coverage of breaking news for Sunday, May, 28, as news broke that the US looks to have averted the prospect of a debt default thanks to a deal between Joe Biden and Kevin McCarthy.

Many thanks for following along.

Here’s a recap of how the day unfolded:

US reaches deal on debt ceiling US President Joe Biden and top congressional Republican Kevin McCarthy have reached a deal to raise the federal government’s $US31.4 trillion ($48.2 trillion) debt ceiling, ending a months-long stalemate, Punchbowl News reported on Saturday (Sunday AEST).

‘Not everyone gets what they want’: Biden, and McCarthy, on the debt deal US President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government’s $US31.4 trillion debt ceiling, ending a months-long stalemate. Here’s what they said.

The biggest test for McCarthy and the debt deal is still to come US House of Representatives Speaker Kevin McCarthy spoke to former president Donald Trump a few days ago on a range of topics, including – “just for a second” – on the Republican negotiations with the Biden administration on raising the debt ceiling.

Debt deal keeps non-defence spending ‘flat’ The deal reached to raise the US federal government’s $US31.4 trillion ($48.2 trillion) debt ceiling keeps non-defence spending roughly flat for the current fiscal year and 2024, a source familiar with the negotiations said on Saturday (Sunday AEST).

Thorpe to lodge racism claim against Greens Independent senator Lidia Thorpe will lodge a racism claim against her former party the Greens, as she indicates she will abstain from a looming Senate vote on the Voice to Parliament.

Two charged as $60m in cocaine found at Sydney port Two men have been charged with numerous offences after police allegedly found $60 million worth of cocaine in the walls of a shipping container in Sydney.

Putin launches major strike on Kyiv as strengthens Russia’s borders President Vladimir Putin on Sunday ordered stronger border security to ensure “fast” Russian military and civilian movement into Ukrainian regions now under Moscow’s control as Russia launched a major strike on Ukraine’s capital.

China may remove barley tariffs in ‘next few weeks’: Farrell Australia’s barley sector may be the next beneficiary of the thawing relationship with Beijing, Trade Minister Don Farrell said after another meeting with his Chinese counterpart.

Beverly Hills NIMBYs beat world’s richest man Bernard Arnault, the world’s richest man, will scrap a plan to build a luxury hotel in Beverly Hills after residents in the wealthy city appeared to vote against the project.

Chaos as Britain’s passport gates fail Travellers arriving in the UK faced long delays on Saturday after a technical problem shut electronic border gates at airports across the country for most of the day, forcing everyone to have their passports checked manually on what was expected to be one of the busiest travel weekends of the year.