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Good morning from the Financial Times. Today is Thursday June 1st,

and this is your FT News Briefing.

US lawmakers cleared a major hurdle last night to raise the debt ceiling,

and as part of our ongoing reporting on the rising cost of housing,

we'll meet a home shareer. She's part of unusual solution to skyrocketing rents.

I mean a lot of my friends said, oh, what I would never do now.

I'm Mark Filipino, and here's the news you need to start your day.

The US House of Representatives last night approved a bill to raise the debt ceiling.

It's a key step needed to avoid a catastrophic US default.

Treasury Secretary Janet Yellen has warned that the government will run out of money if the

debt ceiling isn't raised by Monday. Getting the deal through the House proved to be a tough

test for a Republican House leader Kevin McCarthy, he had to reign in far-right party members

in order to secure enough votes for a deal. The bill caps federal spending for the next two years,

until after the next US presidential election still needs to be approved by the US Senate

before heading to President Joe Biden's desk.

Today, we're bringing you part two of our special series on housing shortages.

Last week, we looked at rising costs in the US, and today we're going across the Atlantic.

By one estimate, UK rents are 25% higher than they were before the pandemic,

and house prices have shot up more than 20%. Homes have become so unaffordable,

people are looking for workarounds. One solution is called home sharing.

...