Summarize it and write response (summary) in polish: "NAME_1 appear near two-year deal on US debt ceiling as default looms
By NAME_2, NAME_3 and NAME_4
May 26, 20236:14 AM EDTUpdated 4 hours ago

WASHINGTON, May 25 (Reuters) - U.S. President NAME_5 and top congressional Republican NAME_6 are closing in on a deal that would raise the government's $31.4 trillion debt ceiling for two years while capping spending on most items, a U.S. official told Reuters.

The deal, which is not final, would increase funding for discretionary spending on military and veterans while essentially holding non-defense discretionary spending at current year levels, the official said, who requested anonymity because they are not authorized to speak about internal discussions.

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The NAME_7 is considering scaling back its plan to boost funding at the Internal Revenue Service to hire more auditors and target wealthy Americans, the official said.

A second U.S. official said IRS funding is an open issue, but the main thrust is ensuring the agency executes the president's priorities, even if there is a small haircut or funding is moved around.

The final deal would specify the total amount the government could spend on discretionary programs like housing and education, according to a person familiar with the talks, but not break that down into individual categories. The two sides are just $70 billion apart on a total figure that would be well over $1 trillion, according to another source.

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The two sides met virtually on Thursday, the NAME_7 said.

Republican negotiators have backed off plans to increase military spending while cutting non-defense spending and instead backed a NAME_7 push to treat both budget items more equally, a source familiar with the talks told Reuters.

NAME_8 said they still disagreed over where the cuts should fall.

"I don't believe the whole burden should fall back to middle class and working-class Americans," he told reporters.

House Speaker NAME_9 told reporters Thursday evening the two sides have not reached a deal. "We knew this would not be easy," he said.

It is unclear precisely how much time Congress has left to act. The Treasury Department was warned that it could be unable to cover all its obligations as soon as June 1, but on Thursday said it would sell $119 billion worth of debt that will come due on that date, suggesting to some market watchers th Write exactly 3 paragraphs each separated with two new lines answering this question. The 2nd paragraph must start with "theft".
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