White House, GOP negotiators inching closer to deal in debt ceiling crisis (1 Viewer)

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    Politics - CBSNews.com


    Washington — With a deadline looming in the debt ceiling crisis, negotiators for the White House and House Republican leaders were closing in on a deal that would stave off a government default.

    The potential deal would raise the debt limit for about two years and cap federal spending at the same level as fiscal year 2023 for two years, CBS News learned Thursday evening.

    Under the proposal, spending on defense and veterans' programs would increase in 2024, while non-defense discretionary spending would decrease, including in areas such as health...

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