congressional leaders

After weeks of mounting anxiety and collapsed deals, Congressional leaders and President Obama reached an agreement Sunday night to end the debt ceiling crisis.

If all goes well, a bill could await Obama's signature Tuesday. But both parties still have concerns, and support for the deal in Congress will be tested in coming days.

AP -

As talks resumed Monday after a weekend of no progress with congressional leaders, President Obama insisted that now is the time for a far-reaching deal on the federal debt.

He warned that the U.S. will default on its debts if a deal is not struck soon, and said he will not sign a proposed short-term deal that would postpone the reckoning.

Steve Inskeep talks with NPR's Ari Shapiro about Obama's news conference.