President Joe Biden said Thursday afternoon that he's had several "productive conversations" with House Speaker Kevin McCarthy and their teams are "making progress" on debt ceiling talks.

The legislation would raise the debt ceiling by $5 trillion, going beyond the $4 trillion outlined in the initial House-passed bill. Congress faces a deadline to address the debt limit later this ...

In the process, it adds $3.4 trillion to the national debt over a decade, according to CBO, and includes a $5 trillion increase in the debt ceiling. CBO projects it will result in 12 million ...

The bill will also expand the production of coal, natural gas and oil, while slashing green energy incentives. The debt ceiling will go up by $5 billion.