Debt Ceiling Us News Today

The US Treasury had just $33 billion of extraordinary measures left to help keep the government’s bills paid as of May 31, the department said in a statement Friday.

The agreement includes spending cuts demanded by Republicans, but it is short of the reductions in the sweeping legislation passed by the Republican-led House last month.

The agreement includes spending cuts demanded by Republicans, but it is short of the reductions in the sweeping legislation passed by the Republican-led House last month.

The White House has offered to freeze next year’s 2024 spending at current levels and restrict 2025 spending, but the Republican leader says that’s not enough.

With just over a week left before the deadline, Joe Biden and House of Representatives Speaker Kevin McCarthy remain deeply divided on how to move forward.

It’s a crucial conversation for the Democratic president and the Republican speaker, just 10 days before a looming deadline to raise the debt limit.

It's a crucial conversation for the Democratic president and the Republican speaker, just 10 days before a looming deadline to raise the debt limit.