The Latest Breaking News from Hakeem Jeffries

With days to spare before a potential first-ever government default, President Joe Biden and House Speaker Kevin McCarthy reached final agreement Sunday on a deal to raise the nation's debt ceiling and worked to ensure enough Republican and Democratic votes to pass the measure in the coming week.

House GOP leaders released the legislative text of their deal with the White House to suspend the debt ceiling until 2025.

President Joe Biden has made a deliberate decision to go quiet as his team gets down to the wire in the debt-limit talks, according to White House officials

Speaker Kevin McCarthy said Wednesday that negotiations to lift the statutory debt limit are going better than they had been a day earlier.

Debt limit talks in Washington have hit a fresh impasse with negotiators far apart on key issues, especially the spending cuts demanded by Republicans, as time runs short to avert a historic US default.

WASHINGTON — Speaker Kevin McCarthy left the U.S. Capitol late Tuesday afternoon saying the two parties had yet to reach a deal to avert a first-ever U.S. default, and a top lieutenant said there are no more meetings planned.

Debt limit talks broke down again Tuesday as negotiators described disagreements over spending levels and other policy add-ons.

With just nine days left before the government may not be able to pay all its bills, GOP negotiators said zero progress is being made.

House Speaker Kevin McCarthy says his team and the White House have had ‘productive’ discussions to avert a default on U.S. debt days before the June 1 deadline.