An “agreement in principle” between President Joe Biden and House Speaker Kevin McCarthy would raise the nation’s legal debt ceiling, but now Congress has only days to approve a package that includes spending cuts and would avert a potentially disastrous U.S. default

Gov. JB Pritzker and Democratic leaders announced Wednesday they’ve agreed to a framework for next year’s roughly $50 billion state spending plan, even as negotiations continued in the final stretch of lawmakers’ already-extended spring legislative session.