Biden and McCarthy have reached a debt ceiling bill: What's in it and when does it need to pass to prevent a default?

During remarks Sunday night, President Joe Biden urged both chambers of Congress to pass the debt ceiling agreement.

The president and House Speaker now must sell the deal to Congress before the critical June 5 deadline to prevent a potentially catastrophic default, which Biden called "the worst possible crisis."

Reviews start to come in as details emerge about the debt ceiling agreement.

One GOP negotiator says "thorny issues" remain.

House Speaker Kevin McCarthy addressed reporters Saturday at the Capitol as the debt ceiling deadline looms.

President Joe Biden and House Speaker Kevin McCarthy have until June 5 to raise the debt ceiling in order avoid an unprecedented and potentially catastrophic default.

Biden on Sunday hammered Republicans over what he called "extreme positions" on raising the debt ceiling as the nation careens toward a potentially catastrophic default

ABC News’ Martha Raddatz interviews Rep. Jodey Arrington, R-Texas., on “This Week.”

ABC News’ Martha Raddatz interviews Sen. Chris Van Hollen, D-Md., on “This Week.”

ABC News’ Terry Moran reports on President Joe Biden's press conference Sunday morning on “This Week.”

House Speaker Kevin McCarthy said the White House has "moved backward" in debt ceiling negotiations, which he said can’t resume until President Joe Biden returns from his trip abroad.

There is still no deal between President Joe Biden and House Speaker Kevin McCarthy to avert a U.S. debt default which the Treasury Department warns could happen as soon as June 1.

The nonpartisan Congressional Budget Office said there is a "significant risk" the U.S. will default on its debt "at some point in the first two weeks of June."

House Speaker McCarthy vows to pass legislation to raise the debt ceiling.

Speaker McCarthy said the House will soon vote on debt ceiling legislation, calls for Biden to negotiate rather than “bumble into” default at the New York Stock Exchange

ABC News’ George Stephanopoulos interviews Sen. Chuck Schumer, D-N.Y., on “This Week.”

Speaker Kevin McCarthy says he is set to meet with President Joe Biden on Wednesday to discuss federal government spending and raising the debt ceiling

House speaker says he's looking forward to discussions with President Biden.

Treasury secretary calls GOP demands for cuts are "very irresponsible."

President Joe Biden Thursday signed the omnibus spending bill into law while on vacation, extending funding for the government into next year.

The House of Representatives passed a crucial spending bill, avoiding a government shutdown.

The bill includes defense spending, aid to Ukraine and reforms to the Electoral Count Act with bipartisan support.

Meanwhile, the Jan. 6 committee has released its final report which contains over 800 pages of testimony and information collected throughout the investigation.

The Senate reached a last-minute deal on a $1.7 trillion package to keep the government funded through the next fiscal year.

The Senate reached a deal Thursday on the omnibus bill after negotiations hit a snag over Title 42 drama.

The Senate on Thursday passed a $1.7 trillion spending bill, aimed at averting a government shutdown next year and sending more help to Ukraine as it continues to beat back Russian forces.

The U.S. Senate passed a crucial federal spending bill that provides funds for Ukraine and avoids a government shutdown.

Lawmakers are racing to finish a full-year spending package before the holidays.

Plus, survivors of the Uvalde and Sandy Hook school shootings are testifying before a House committee in hearings on increased gun violence.

Passing a temporary funding bill avoids the federal government shutdown that would have begun Friday at midnight

President Joe Biden will need to sign the bill before midnight to avert a shutdown.

An about-face from Joe Manchin on permitting reform helped to set the Senate on an unexpected glide path to keeping the government funded and avoiding a shutdown

The Senate is stumbling toward a government shutdown at the end of the week as energy policy causes headaches.

Meanwhile, Democrats are hoping to pass a marriage equality bill in the Senate.

A short-term bill will keep the government funded through March 11.

Rep. Kevin Brady, R-Texas, shares his opinion on whether a government shutdown will happen as COVID-19 variants emerge in the United States.

A small group of Republican senators say they won’t vote to keep the government funded unless Congress blocks funding for the president’s vaccinate mandates for businesses.

Biden on Thursday signed a deal to avert a government shutdown that with the president's signature would narrowly avoid a government shutdown.

The House voted Tuesday on a bill that will temporarily raise the debt ceiling by $480 billion through early December.

President Joe Biden is trying to push Democrats to a common ground on his massive infrastructure plan.

House Speaker Nancy Pelosi said Thursday she still plans to go ahead with a vote on a bipartisan infrastructure bill, despite progressive Democrats vowing to defeat it.

The Senate approved the temporary funding bill with a 65-35 vote.

The Senate votes Thursday on a last-minute deal to avert a government shutdown.

With just hours left until government funding runs out, senators said they are ready to move forward to avoid a government shutdown.

Congress has until the end of the day Thursday to pass a temporary funding bill. The House voted on a bill to raise the debt limit and President Joe Biden stepped into infrastructure negotiations.

If there's a government shutdown, Americans can expect delays in services with agencies closing and reducing staff.

With just 48 hours to go until a shutdown, Senate leaders from both parties are trying to reach an agreement to fast track a bill that would keep the government funded until Dec. 3.

As the deadline for the government shutdown looms, ABC News' Rebecca Jarvis reports on the immediate consequences it could have for employees and the ripple down effects for everyday Americans.

Testifying before the U.S. Senate Committee on Banking, Housing and Urban Affairs, Yellen said the U.S. would hit its debt limit as early as Oct. 18.