Source: Debt ceiling 'agreement in principle' has been reached

President Joe Biden and House Speaker Kevin McCarthy reached an “agreement in principle" late Saturday as they raced to strike a deal that to limit federal spending and resolve the looming debt crisis ahead of a June 5 deadline,

Biden likely to resume debt limit talks on Tuesday

The nation continues to edge closer to its legal borrowing authority with no agreement in sight. The Treasury Department has said the government could exhaust the ability to pay its bills as early as June 1.

Joe Biden announces reelection campaign for president

The 80-year-old executive released a 3-minute video on his campaign website that made his intentions clear. It had been reported that Biden would likely announce his candidacy in the coming weeks.