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 2015 NPR. To see more, visit http://www.npr.org/.

300x250 Ad

300x250 Ad

Support quality journalism, like the story above, with your gift right now.

Donate