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After months of back and forth, House Republicans and the White House this weekend unveiled a deal on raising the nation's $31.4 trillion borrowing limit while implementing some caps on government spending and other policy changes. The legislation, which was released publicly on Sunday, will need to be approved by Congress within days to avert a historic default that could begin as soon as June 5, Treasury Secretary Janet Yellen has said. President Joe Biden has vowed to sign the debt deal if it

Biden and McCarthy have reached a debt ceiling bill: What's in it and when does it need to pass to prevent a default?

Tetra Images - Henryk Sadura/Getty Images(WASHINGTON) -- After months of back and forth, House Republicans and the White House this weekend unveiled a deal on raising the nation's $31.4 trillion borrowing limit while implementing some caps on government spending and other policy changes. The legislation, which was released publicly on Sunday, will need to be approved by Congress within days to avert a historic default that could begin as soon as June 5, Treasury Secretary Janet Yellen has said. Otherwise the U.S. will be unable to pay all of its bills -- sowing unprecedented economic turmoil, ...

Tetra Images - Henryk Sadura/Getty Images(WASHINGTON) -- After months of back and forth, House Republicans and the White House this weekend unveiled a deal on raising the nation's $31.4 trillion borrowing limit while implementing some caps on government spending and other policy changes. The legislation, which was released publicly on Sunday, will need to be approved by Congress within days to avert a historic default that could begin as soon as June 5, Treasury Secretary Janet Yellen has said. Otherwise the U.S. will be unable to pay all of its bills -- sowing unprecedented economic turmoil, ...

(WASHINGTON) -- After months of back and forth, House Republicans and the White House this weekend unveiled a deal on raising the nation's $31.4 trillion borrowing limit while implementing some caps on government spending and other policy changes. The legislation, which was released publicly on Sunday, will need to be approved by Congress within days