Debt ceiling deal appears in reach ahead of U.S. holiday weekend - National
Lawmakers regularly need to raise the self-imposed debt limit to cover the cost of spending and tax cuts they have already approved.
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Lawmakers regularly need to raise the self-imposed debt limit to cover the cost of spending and tax cuts they have already approved.
The deal would specify the total amount the government could spend on discretionary programs like housing and education, according to a person familiar with the talks, but not break that down into individual categories.
The White House is considering scaling back its plan to boost funding at the Internal Revenue Service to hire more auditors and target wealthy Americans, the official said.
The final deal would specify the total amount the US government could spend on discretionary programs like housing and education, according to a person familiar with the talks, but not break that down into individual categories
The deal, which is not final, would increase funding for discretionary spending on military and veterans while essentially holding non-defense discretionary spending at current year levels.