White House, Congress Working Toward Two-year Budget Deal, Report Says

Congress and the White House are making progress on a two-year budget deal, according to Politico. White House officials and Republican negotiators spent the weekend working on an agreement that could take the threat of a government shutdown off the table through the 2016 election, Politico said. There are separate talks on a measure to lift the U.S. debt ceiling. Treasury Secretary Jacob Lew has urged Congress to raise the limit as soon as possible and says the government will be close to running out of borrowing power on Nov. 3.