Debt ceiling vote imminent as Congress races to prevent default.

Republicans in the House of Representatives plan to advance a debt-ceiling deal with President Joe Biden, aiming to pass it through Congress before the US government runs out of money early next week. The package must pass the Democratic-controlled Senate before Biden can sign it into law. The 99-page bill would suspend the debt limit through Jan. 1, 2025, cap discretionary spending in the next two fiscal years, claw back unused COVID-19 funds, speed up the permitting process for some energy projects, and stiffen work requirements for food aid programs for poor Americans. The deal could save up to $2 trillion if its spending caps were left in place for six years, though much of that depends on which party controls Congress over that time.