Tentative debt limit deal reached between McCarthy and White House.

House Republicans and the White House have reached a tentative deal to raise the federal government's debt limit, ending a monthslong stalemate. The agreement is a two-year budget deal that would also separately raise the debt limit for two years. The breakthrough on the government's debt and spending comes just days before the so-called "X-date" when Treasury Secretary Janet Yellen warned the U.S. would run out of cash to pay all of its bills on time. The deal will have to pass both chambers of Congress and get to President Biden's desk by June 5 to prevent a potential default.