Budget Cuts Debt Ceiling Deal Negotiations Default Risk Bipartisan Deal Debt Ceiling Bill Treasury Secretary Janet Yellen Political Brinkmanship Compromise Raising the Limit Economic Consequences X-Date Risks of Default Consequences of Default Bipartisan Efforts Political Climate Consequences Congressional Budget Office Spending Cuts Economic Impact Political Debate Political Standoffs Spending Deal Default Consequences Elimination Deal with White House Federal Spending Legislation House Vote Spending Limit Opposition Senate Vote U.S. House of Representatives Military Spending Spending Restrictions Spending Abolition Proposals Historical Context Bipartisan Budget Agreement Default Fiscal Policy Risk of Default Default on Financial Obligations Debt Ceiling Increase Legislative Battles GOP Legislation Legislative Standoffs Debt Ceiling Negotiations House Freedom Caucus Spending Caps Republican Strategy History Partisan Positions Clean Debt Ceiling Increase Treasury Political Standoff House Republicans Budget Bill Republican Party Congressional Leaders 14th Amendment Treasury Department Presidential Pleas Republican Bill White House Stance