May 29, 2023
President Joe Biden and House Republicans have reached an agreement in principle to address the debt limit and cap spending. The bill text was released on Sunday evening, but the work is far from done. Now leaders in both parties have to convince enough of their members to vote for the deal, which contains provisions that lawmakers on each side of the aisle don't support.
April 25, 2023
House Republican leaders are still struggling to get to 218 votes on their package to raise the national debt limit -- and are uncertain whether they will be able to hold the vote Wednesday, according to multiple GOP sources.
February 13, 2023
The White House and Senate Democrats have calculated that Speaker Kevin McCarthy won't have enough votes to raise the national borrowing limit and will end up caving to their demands to avoid a first-ever debt default -- with no strings attached or any conditions whatsoever.