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Republican and White House negotiators are moving closer to an agreement to raise the debt limit and cap federal spending for two years, according to people familiar with the matter, as time grows short to avert a catastrophic US default.

Most Americans want the debt ceiling to be raised "only if lawmakers include terms on reducing the federal budget deficit," per a poll.

Most Americans want the debt ceiling to be raised "only if lawmakers include terms on reducing the federal budget deficit," per a poll.

House Republicans passed a bill to raise the debt limit through early next year while deeply reducing government spending, setting up a contentious standoff with Democrats as the bill heads to the Senate.

House Republicans passed a bill to raise the debt limit through early next year while deeply reducing government spending, setting up a contentious standoff with Democrats as the bill heads to the Senate.

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