The Latest Breaking News from Hakeem Jeffries

The deal passed by a bipartisan coalition, despite pushback from conservatives and progressives, restricts spending for two years, suspends the debt ceiling until 2025 and imposes work rules for older people receiving food aid.

The bill has reached the crucial 218 threshold to pass – though some Republicans may attempt to derail the process

Lawmakers are working against the clock to avert an unprecedented debt default. The Treasury Department has said the U.S. could run out of money to pay its bills as soon as June 5.

Freedom caucus denounces House leader Kevin McCarthy’s deal with Joe Biden to raise the debt ceiling before the default deadline

Hard-fought to the end, the debt ceiling and budget cuts package is heading toward a crucial U.S. House vote

Speaker Kevin McCarthy and President Joe Biden announce a deal to avert a default on June 5. The plan includes spending cuts that could anger some lawmakers.

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.

"Either side bragging too much about their wins scares people and costs votes."