Days from a deadline, President Joe Biden and House Speaker Kevin McCarthy are narrowing in on a two-year budget deal aiming to curb federal deficits in exchange for lifting the nation's debt ceiling and staving off an economically devastating government default. The Democratic president and Republican speaker hope to strike a budget compromise this weekend. With Republicans driving for steep cuts, the two sides have been unable to agree to spending levels for 2024 and 2025. Any deal would need to be a political compromise, with support from both Democrats and Republicans to pass the divided Congress. But the budget flow isn't the only hang-up. A person familiar with the talks said the two sides are “dug in” on whether or not to agree to Republican demands to impose stiffer work requirements on people who receive government food stamps, cash assistance and health care aid, some of the most vulnerable Americans. Yet both Biden and McCarthy expressed optimism heading into the weekend that the gulf between their positions could be bridged. A two-year deal would raise the debt limit for that time, past the 2024 presidential election. “We knew this would not be easy," McCarthy, R-Calif., said as he left the Capitol for the evening Thursday. McCarthy said, "It’s hard, but we’re working and we’re going to continue to work until we get this done.” House Republicans have pushed the issue to the brink, displaying risky political bravado in leaving town for the Memorial Day holiday. The U.S. could face an unprecedented default as soon as June 1, hurling the global economy into chaos. In remarks at the White House, Biden said, “It’s about competing versions of America.” “The only way to move forward is with a bipartisan agreement,” Biden said Thursday. “And I believe we’ll come to an agreement that allows us to move forward and protects the hardworking Americans of this country.” Lawmakers are tentatively not expected back at work until Tuesday, just two days from the early June deadline when Treasury Secretary Janet Yellen has said the U.S. could start running out of cash to pay its bills and face a federal default. Biden will also be away this weekend, departing Friday for the presidential retreat at Camp David, Maryland, and Sunday for his home in Wilmington, Delaware. The Senate is on recess and will be until after Memorial Day. Meanwhile, Fitch Ratings agency placed the United States’ AAA credit on “ratings watch negative,” warning of a possible downgrade. Weeks of negotiations between Republicans and the White House have failed to produce a deal — in part because the Biden administration resisted negotiating with McCarthy over the debt limit, arguing that the country's full faith and credit should not be used as leverage to extract other partisan priorities. The White House has offered to freeze next year's 2024 spending at current levels and restrict 2025 spending, but the Republican leader says that's not enough. “We have to spend less than we spent last year. That is the starting point,” said McCarthy. One idea is to set those topline budget numbers but then add a “snap-back” provision that enforces the cuts if Congress is unable during its annual appropriations process to meet the new goals. On work requirements for the aid recipients, the White House is particularly resisting measures that would drive Americans into poverty or take their health care, said the person familiar with the talks, who was granted anonymity to describe behind-closed-door discussions. On the Republican demand to rescind money for the Internal Revenue Service, it's still an “open issue” whether the sides will compromise by allowing the funding to be pushed back into other domestic programs, the person said. Pressure is bearing down on McCarthy from the House's right flank not to give in to any deal, even if it means blowing past the June 1 deadline. “Let’s hold the line,” said Rep. Chip Roy, R-Texas, a Freedom Caucus member. McCarthy said Donald Trump, the former president who is again running for office, told him, “Make sure you get a good agreement.” Failure to raise the nation’s debt ceiling, now at $31 trillion, to pay America's already incurred bills would risk a potentially chaotic federal default. Anxious retirees and social service groups are among those already making default contingency plans. Even if negotiators strike a deal in coming days, McCarthy has promised lawmakers he will abide by the rule to post any bill for 72 hours before voting — now likely Tuesday or even Wednesday. The Democratic-held Senate has vowed to move quickly to send the package to Biden’s desk, right before next Thursday's possible deadline. In one potential development, Republicans may be easing their demand to boost defense spending, instead offering to keep it at levels the Biden administration proposed, according to another person familiar with the talks. The teams are also eyeing a proposal to boost energy transmission line development from Sen. John Hickenlooper, D-Colo., that would facilitate the buildout of an interregional power grid, according to a person familiar with that draft. Those two people were also granted anonymity to discuss the private negotiations. The White House has continued to argue that deficits can be reduced by ending tax breaks for wealthier households and some corporations, but McCarthy said he told the president as early as their February meeting that raising revenue from tax hikes was off the table. While Biden has ruled out, for now, invoking the 14th Amendment to raise the debt limit on his own, Democrats in the House announced they have all signed on to a legislative “discharge” process that would force a debt ceiling vote. But they need five Republicans to break with their party and tip the majority to set the plan forward. They are all but certain to claw back some $30 billion in unspent COVID-19 funds now that the pandemic emergency has officially been lifted. ___ Associated Press writers Chris Megerian, Josh Boak, Zeke Miller and Mary Clare Jalonick contributed to this report. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide US Park Police investigate attack on Australian journalists Biden releases new strategy to tackle rise in antisemitism, says 'hate will not prevail' On 3rd anniversary of George Floyd's death, Biden stops GOP-led effort to block DC police reform law

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The ex-wife of slain Microsoft executive Jared Bridegan, who was fatally shot by a gunman as he drove home with his two-year-old daughter, has been arrested and charged with his murder. Shanna Gardner-Fernandez was arrested in Washington state on Thursday and will be extradited back to Duval County, Florida, where she has been indicted by a grand jury on a charge of first-degree murder and child abuse. “We promised at the outset of this investigation we would not relent until we uncovered the truth of Jared’s murder, the whole and entire truth,” State Attorney Melissa Nelson told reporters. Prosecutors say they will push for the death penalty for both Ms Gardner-Fernandez and her husband, Mario Fernandez. He and his former tenant, Henry Tenon, have both already been charged for their alleged roles in the February 2022 murder in a wealthy suburb of Jacksonville Beach. Bridegan, a father of four, was murdered after he had dropped off the twins he shares with his ex-wife and was headed back to the house he lived at with his second wife, Kristen Bridegan. Investigators say that he stopped his vehicle when he was a tire in the middle of the road, and when he got out to move it he was shot multiple times in front of his daughter Bexley. Court documents say that several bullets came within inches of hitting the youngster, who was strapped into her car seat. Bridegan and his ex-wife divorced in 2015 but had been involved in court battles over custody of their twins and finances. Ms Gardner-Fernandez hired a prominent criminal defence lawyer following the murder and then moved back to the Pacific Northwest and prevented the twin from having any contact with their half-sisters, reported Fox News. Mr Tenon, 62, was charged on 25 January with conspiracy to commit murder, second-degree murder with a weapon, accessory after the fact to a capital felony and child abuse. Authorities say that he was a former tenant of Mr Fernandez. He has a long criminal history and was already behind bars awaiting trial on unrelated charges. Police announced on 16 March that Mr Fernandez had been arrested in Orlando and he was charged with first-degree murder, conspiracy to commit murder, solicitation to commit a capital felony and child abuse. On the same day, it was announced that Mr Tenon had pleaded guilty to second-degree murder and agreed to testify against him and anyone else potentially involved in the killing. The state attorney said that Mr Tenon had admitted that he was the gunman and he faces up to 15 years in prison under the plea agreement. Mr Fernandez pleaded not guilty when he was arraigned in July and prosecutors say that he will not be offered a plea deal. According to the indictment, he wrote Tenon three checks and phone records show the men made more than 70 phone calls to each other before and after the killing. Read More An ambush on a quiet road, a fatal shooting and a year-long mystery: A breakthrough in Jared Bridegan’s murder case Husband of Microsoft executive’s ex-wife could face death penalty for roadside murder Husband of Microsoft executive’s ex-wife is charged with his murder on Florida roadside Arrest made in mysterious murder of Microsoft executive Jared Bridegan, police say more suspects likely Widow of Microsoft executive gunned down in front of 2-year-old daughter prays ‘evil and cowardly’ killers are brought to justice

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