Debt ceiling deal reached with bipartisan support.

Party leaders are urging Democrats and Republicans to support a compromise legislation that would prevent a national default. The bill would suspend the federal borrowing limit through January 1, 2025, and avoid default. The legislation caps non-defense spending, temporarily expands work requirements for some food stamp recipients, and claws back some Covid-19 relief funds. Many centrist Democrats have fallen in line, and Republicans are confident they will carry the support of the majority of their House conference in a pivotal vote expected Wednesday. The package must also clear the Senate, where any single senator could stall progress for several days.