© 2024 KGOU
News and Music for Oklahoma
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations

Congress' Two Big Looming Fiscal Deadlines, Explained

Here's a familiar story: Congress has to act fast or risk blowing past a major fiscal deadline.

According to Treasury Secretary Jack Lew, the U.S. will hit the debt ceiling on Nov. 3. And shortly after that, a budget deadline also looms, on Dec. 11. Congressional leaders are nearing a deal on both, as NPR's Susan Davis reports.

If you're confused over what exactly Capitol Hill is fighting about and why, check out our explanation below:

Copyright 2021 NPR. To see more, visit https://www.npr.org.

Marilyn Geewax is a contributor to NPR.
Danielle Kurtzleben is a political correspondent assigned to NPR's Washington Desk. She appears on NPR shows, writes for the web, and is a regular on The NPR Politics Podcast. She is covering the 2020 presidential election, with particular focuses on on economic policy and gender politics.
More News
Support nonprofit, public service journalism you trust. Give now.