The Latest Breaking News from Hakeem Jeffries

Lawmakers agreed on a bill that looks to avoid a catastrophic default of the United States. The text will now go to the Senate for approval.

With 149 Republicans and 165 Democrats supporting the measure, Biden has called on the Senate to quickly take up the legislation

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."

Deal aims to avoid disastrous default

WASHINGTON — Debt limit negotiations on Thursday morning had the feel of a deal starting to come together, with no in-person meetings scheduled but both sides working through various options in advance of the long holiday weekend.