debt ceiling debt ceiling

President Trump meets with Senate Majority Leader Mitch McConnell, R-Ky., Senate Minority Leader Chuck Schumer, D-N.Y., House Minority Leader Nancy Pelosi, D-Calif., and other congressional leaders in the Oval Office. According to The Washington Post, Trump and Schumer have agreed to work on a plan to eliminate the debt ceiling. Evan Vucci/AP hide caption

toggle caption
Evan Vucci/AP

White House Budget Director Mick Mulvaney leaves a Republican strategy session in which he and Treasury Secretary Steven Mnuchin were blasted by lawmakers over President Trump's deal with Democrats. J. Scott Applewhite/AP hide caption

toggle caption
J. Scott Applewhite/AP

President Trump meets with Senate Majority Leader Mitch McConnell and House Speaker Paul Ryan during a budget discussion in March. Chip Somodevilla/Getty Images hide caption

toggle caption
Chip Somodevilla/Getty Images

Preparations underway in the Media Center at the third Republican debate on the campus of the University of Colorado in Boulder, Colo. Robyn Beck/AFP/Getty Images hide caption

toggle caption
Robyn Beck/AFP/Getty Images

Unless Congress raises the debt limit by Nov. 3, the U.S. Treasury may be left with only incoming taxes and fees to cover expenses, which would not be enough to pay all bills. Mandel Ngan/AFP/Getty Images hide caption

toggle caption
Mandel Ngan/AFP/Getty Images

A woman looks on at the U.S. Capitol in 2013 after the most recent government shutdown. Congress has made no progress toward avoiding a government shutdown when it will run out of funding Sept. 30. Jacquelyn Martin/AP hide caption

toggle caption
Jacquelyn Martin/AP

Congress Quietly Extends The Budget — Past Election Day, Anyway

  • Download
  • <iframe src="https://www.npr.org/player/embed/349717246/349756579" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

House Speaker John Boehner, Majority Whip Kevin McCarthy (left), and Majority Leader Eric Cantor (right) were among the 28 Republicans whose votes made it possible for most other Republicans to vote against the debt ceiling hike. J. Scott Applewhite/AP hide caption

toggle caption
J. Scott Applewhite/AP

House Speaker John Boehner and his fellow Republicans could give President Obama the clean debt ceiling increase he wants but not for the reasons the president wants it. J. Scott Applewhite/AP hide caption

toggle caption
J. Scott Applewhite/AP