Debt Ceiling Deal Takes Shape

“President Joe Biden and top Republican lawmaker Kevin McCarthy are edging close to a deal on the U.S. debt ceiling, with the parties just $70 billion apart on discretionary spending,” Reuters reports.

“What is likely to emerge will not be a hundreds-page long bill, something that could take lawmakers days to write, read and vote on, but a slimmed-down agreement with a few key numbers.”

Politico reports there’s “no deal yet but predicting votes Tuesday night or Wednesday night.”