Default Negotiations Spending Cuts Suspension Fiscal Responsibility Act Government Spending Federal Spending Legislation Bipartisan Bill Congressional Action Consequences of Default Debt Ceiling Negotiations Borrowing Treasury Department US Government Spending Government Default Debt Limit Increase Lifting U.S. Credit Downgrade Bipartisan Negotiations Political Partisanship Borrowing Limit Bipartisan Policy Center Proposal Government Spending Programs X Date GOP Bill Workarounds Budget Caps Financial Markets Bipartisan Budget Agreement Treasury Secretary Janet Yellen Bipartisan Deal United States Consequences Budget Negotiations Presidential Authority Kevin McCarthy's Bill Debt Default Political Leverage Consequences of Not Raising Default Deadline Budget Deal Impacts on Credit Rating Extraordinary Measures House GOP Proposal Debt Ceiling Deal Debt Ceiling Increase Spending Limits Spending Caps Raising Risk of Default Compromise Negotiations Economic Consequences Treasury IOUs Legislative Process Budgeting Reform Executive Authority Political Disagreements Deadline Congressional Agreements U.S. Treasury Janet Yellen Congressional Negotiations Economic Catastrophe Trillion Dollar Platinum Coin Interest Payments Political Standoff Short-Term Solutions Spending Reductions X-Date Congress Social Safety Net Programs US Treasury Bonds Economic Policy Loan Repayments Economic Costs Economic Impact Spending Cutbacks Political Parties International Comparison Credit Rating Agencies Impasse Impact on Country US Government Spending Fiscal Responsibility Borrowing Capacity Raising the Debt Limit Deficit Reduction Budget Cuts Borrowing Increase U.S. Government Risk Debt Reduction GOP's Plan Spending Concessions Purposelessness Spending Restrictions Federal Reserve Federal Budget