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Contours of debt limit deal start to take shape

Yellen said could hit as early as June 1, negotiators are attempting to reach a framework for a deal by Sunday, when President Joe Biden returns from a trip to the G-7 summit in Japan.

Will 2024 be a personality contest or a policy debate?

Trying to make voters’ top issue, inflation, not the No. 1 issue is usually not a winning strategy. This signals the Biden team believes they can take inflation off the table by next year.

Parties scramble for deal on debt limit, budget

the pressure on, reiterating in a letter to lawmakers Monday that the government could run out of cash and "extraordinary measures" used to stay under the $31.4 trillion debt ceiling as soon as June 1.