Josh Wingrove

(Bloomberg) -- President Joe Biden has scrapped planned stops in Australia and Papua New Guinea following his trip to Japan for the Group of Seven meeting to return for continuing negotiations with Republicans over raising the US debt ceiling.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersDebt Deadlock Spurs Late-Day Slide in US Stocks: Markets WrapGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesGoldman Banker Wins Promotion,

(Bloomberg) -- Debt-ceiling talks between White House and congressional aides are set to intensify as negotiators seek a framework agreement for Joe Biden and House Speaker Kevin McCarthy to review upon the president’s return from a truncated trip to Asia.Most Read from BloombergA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersBiden, McCarthy Voice Cautious Optimism on Debt Deal After TalksGoogle Billionaire Sergey Brin Gifts $600 Million in Surging SharesGoldman Banker

The Treasury Department is discussing potential changes to payment procedures for federal agencies as the date approaches by when it will run out of enough cash to make good on all US government obligations, according to people familiar with the matter.

The three most contentious issues in the debt agreement are the suspension of the debt limit, limits of discretionary spending and new work rules.

President Joe Biden fell on stage after delivering remarks at the US Air Force Academy commencement.

President Joe Biden plans to say the debt-limit agreement he struck with Republicans was “essential” to avoiding an economic crisis and that it preserved the core accomplishments of his first term.

President Joe Biden defended a debt limit deal he struck with Republicans as necessary to prevent an “economic collapse” and said he would sign it on Saturday amid frustration from many lawmakers in both parties who backed the agreement reluctantly.

President Joe Biden hailed this week’s budget agreement as proof of his ability to secure hard-won bipartisan victories, telling the nation it saved the US from an “economic crisis” brought on by a first-ever debt default.

President Joe Biden’s Covid-19 czar is departing the White House, the latest sign of the pandemic’s waning grip on the country and on the administration.

This is Washington Edition, the newsletter about money, power and politics in the nation’s capital. Today, White House reporter Josh Wingrove takes on the GOP’s troubles. Sign up here and follow us at @bpolitics. Email our editors here.