the sunday read a speck in the sea

Top White House officials and Republican lawmakers are racing to reach an agreement as the date when the United States is projected to default on its debt approaches.

Jim Tankersley, who covers the White House for The New York Times, looks at the state of the negotiations and explains what it will take to win over enough votes in Congress to avoid an economic disaster.

Jim Tankersley, a White House correspondent for The New York Times.

President Biden sits to the right of Speaker Kevin McCarthy. The two chairs are in front of an ornate fireplace. Portraits are hung on the wall in the background.
President Biden met with Speaker Kevin McCarthy at the White House this week to discuss the debt limit.Alex Brandon/Associated Press
  • The details have not been finalized, but the deal taking shape would allow Republicans to point to spending reductions and Democrats to say they had prevented large cuts.

  • The longer it takes to reach an agreement, the more turmoil there could be for the United States and the global economy. Here’s what to know.

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Jim Tankersley contributed reporting.

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