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Debt limit package passes House, heads to Senate

The bill would suspend the debt limit until Jan. 1, 2025, pushing it past the November 2024 elections.  The debt limit was last raised in December 2021 to $31.4 trillion.

Who is Rep. Thomas Massie, the key debt limit supporter?

Massie said he supported a "redeeming portion" of the debt agreement that would implement a 1 percent cut to both defense spending and nondefense spending if all 12 appropriations bills are not signed

Debt limit deal appears close as negotiators keep working

While the deadline shift from June 1 to June 5 doesn’t change negotiators’ urgency, it could help them get a bill through both chambers of Congress before the "x date."

Parties moving closer on debt ceiling deal as talks drag on

But spending would grow just 1 percent the following year, in line with the GOP bill. Talks remained fluid as negotiators worked into the night Thursday.

Campaigns · 118th Congress

At the Races: Survey says what?

Democrats may have cheered Wednesday when Monmouth University released a poll with the headline “Clean debt deal preferred by 2-to-1.”

Wide gulf between debt limit negotiators as time grows short

The precarious nature of negotiations has lawmakers on both sides of the aisle worried about their ability to lift the debt limit before June 1, when the Treasury Department expects it may run out of cash