LAWMAKERS NEAR DEAL TO INCREASE THE DEBT CEILING.

The article reports on updates in the negotiation between top U.S. White House officials and Republican leaders of the House of Representatives over the debt ceiling, particularly their efforts to close a deal to prevent a federal default. Under the proposed deal, the debt limit will be raised for two years and a cap will be imposed on discretionary spending. Also cited is the comment of House Speaker Kevin McCarthy on the progress of the negotiation.