The reported budget deal sounds like a complete defeat for White House Chief of Staff Mick Mulvaney

Mick Mulvaney.
(Image credit: Getty Images)

There's apparently some agreement in Washington, D.C.

The Democrat-led House and the GOP-run Senate and White House are getting close to finalizing a deal that would lift the debt ceiling for another two years, multiple sources reported Monday morning. The near deal likely won't include major spending cuts, people familiar with negotiations have said, spelling a likely defeat for deficit hawk and Acting Chief of Staff Mick Mulvaney.

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Kathryn Krawczyk

Kathryn is a graduate of Syracuse University, with degrees in magazine journalism and information technology, along with hours to earn another degree after working at SU's independent paper The Daily Orange. She's currently recovering from a horse addiction while living in New York City, and likes to share her extremely dry sense of humor on Twitter.