Congress races to pass debt ceiling deal with stricter rules for food aid and end to student loan relief

• US has an extra four days to avoid defaulting on its debt, according to Treasury Secretary Janet Yellen.
• Republicans and the White House are closing the gap on spending levels for a debt-limit deal, but they are still tens of billions of dollars apart.
• Democrats want a "clean" bipartisan increase in the government's debt ceiling, while U.S. Senate Majority Leader Chuck Schumer gave no timetable for a possible Senate vote on a debt limit bill with no spending cuts attached.
• Treasury Secretary Yellen urged lawmakers to raise or suspend the debt limit as soon as possible and will update Congress next week as more information becomes available.
• US could run out of money to meet its obligations on debt and other payments as early as June 1 if Congress does not raise or suspend the debt limit before that time.

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