Negotiations Default Risk Spending Cuts Default Borrowing Limit Discretionary Spending Treasury Department Spending Caps Treasury Secretary Janet Yellen Biden Administration US Credit Rating Treasury Secretary Warning Social Security Treasury Secretary US Default Credit Rating Debt Ceiling Deal Deal with Caps Debt Limit Agreement Cap Spending Spending Agreement National Default Statutory Cap US Treasury Department Warning Deficit Reduction Debt Ceiling Negotiations Consequences of Default Non-Defense Discretionary Spending Appropriations Deal U.S. Treasury Suspension Compromise Agreement National Security Domestic Spending Compromise Bill Fiscal Responsibility Budget Compromise Budget Cuts Fiscal Policy Spending Restrictions Consequences of Breach Senate Vote Budget Agreement Bipartisan Deal Debt Deal Bipartisan Agreements Economic Relief Economic Policy Federal Payments US Treasury Budget Deficit Debt Limit Proposal Debt Default Federal Debt Default GOP Proposal Spending Reductions Bipartisan Policy Center Bipartisan Obligation Department of Treasury Federal Assistance Borrowing Capacity Bipartisan Negotiations National Debt Default