Here is what to expect on Thursday as lawmakers try to close in on a deal for Congress to raise the government's $14.3 trillion borrowing limit by an August 2 deadline and avoid a debt default:
* House of Representatives Speaker John Boehner at a closed-door session with fellow Republicans is expected to discuss his revised plan to raise the debt ceiling in a two-step process that links any debt increase with spending cuts. Meeting is set for 9 a.m. EDT (1300 GMT).
* House is expected to vote on the plan. No time set.
* House Democrats to discuss the latest Republican plan in closed-door session. Meeting starts at 9 a.m. EDT (1300 GMT).
* House Democratic Leader Nancy Pelosi expected to react to the latest plan by Boehner at her weekly news briefing. The briefing is set for 10:45 a.m. EDT (1445 GMT).
* Investors are nervous about the impasse in Washington over debt and are watching developments closely. However, most analysts believe U.S. lawmakers will reach agreement to avoid default.