US debt ceiling deal between President Joe Biden and Speaker Kevin McCarthy were released on Sunday.
Deal in the form of 99 pages bill would suspend to avoid a federal default government spending limit until January 2025.
The Democratic president and the Republic speaker both are trying hard to get support of the lawmakers to avert a default in US.
If the deal get approved by the lawmakers then it allows the Biden administration to borrow money until the next general election in 2024.
All US Congress should vote against debt ceiling so the federal government can borrow more money to its bill, Currently it is $31.4tn (£25tn).
This includes to pay for federal employees, Social Security, the Military, Medicare and the interest on the national debt and tax refund.
This debt ceiling negotiations would be the first and biggest challenges for McCarthy after he won the house speakership on the 15th ballot.
Speaker McCarthy said the House will vote on Wednesday for it, If the bill get passed then head to the Democratic-led Senate.