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After weeks of negotiation and political posturing, and just days before potential default, sources told ABC News, House Republicans have reached an agreement in principle with the White House on Saturday. A GOP leadership conference call with members is now scheduled for 9: 30 p.m., one source said. The welcome breakthrough comes just days before June 5 -- the date Treasury Secretary Janet

Treasury Secretary Janet Yellen warned on Monday that the U.S. government is "highly likely" to run out of money as early as June 1. Why it matters: The date leaves President Biden and House Speaker Kevin McCarthy less than 10 days to find an agreement — and the votes — for a compromise to cut spending and raise the debt ceiling. • As the debt ceiling X-date approaches, Treasury is monitoring

Talks over the debt ceiling appear to be moving toward an agreement, with President Biden and House Speaker Kevin McCarthy (R-Calif.) sounding more confident that they can close a deal before a looming June 1 deadline. After a Tuesday meeting in the Oval Office with Biden and all four top leaders from the House and Senate, the pool of people directly negotiating a deal is getting smaller. That

Democrats keep telling Americans they have the votes and a mandate to pass the biggest tax increase since 1968 and the biggest domestic spending bill ever. Yet they also claim they’re helpless to raise the federal debt ceiling without Republican votes.

It’s a preposterous position, albeit of the sort this Administration often tries to sell. Such as: The soaring number of illegal border