Debt ceiling negotiations crucial for Biden's second term.

House Republicans plan to vote on a bill to raise the US debt ceiling for a year in exchange for spending cuts and GOP policy changes to federal assistance programs. Democrats have criticized the plan, arguing that it would result in more Americans experiencing poverty. Republicans hope that passing the bill will force President Biden back to the negotiating table, though it's unlikely to advance in the Democrat-controlled Senate. The US risks defaulting on its national debt as soon as early summer.