The agreement suspends the nation’s $31.4 trillion debt limit through January 1, 2025, and caps spending in 2024 and 2025.

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WASHINGTON, DC – MAY 28: Speaker of the House Kevin McCarthy (R-CA) speaks to the press after an “agreement principle” was reached between House Republicans and President Joe Biden’s team to avoid a ...

Senate Democrats, caught off guard by President Biden’s decision to tap two senior advisers to negotiate a debt ceiling deal with Speaker Kevin McCarthy (R-Calif.), are warning the president not to ...

Top GOP lawmakers negotiating a debt ceiling compromise with the White House on Friday cut the talks short, signaling at least a temporary breakdown in the process as the clock ticks toward an ...

Neither the right flank of the Republican party nor some Democrats are happy with the deal that President Biden and Speaker Kevin McCarthy (R-Calif.) struck to raise the nation’s debt limit alongside ...