US Republicans and White House Negotiators Are Close To Reaching An Agreement On Raising The Debt Ceiling And Limiting Federal Spending For Two Years

People familiar with the matter said that the Republican Party and White House negotiators are close to reaching an agreement on raising the debt ceiling and limiting federal spending for two years.

According to people familiar with the matter who did not want to be named, the two sides have narrowed the differences in the talks in recent days, but the details have only been initially agreed, and the final agreement has not yet been finalised. Under the terms of the tentative deal, defense spending would allow for a 3% increase next year, in line with Biden's budget request.

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