Congress has until November 3 to raise the debt limit so the government can borrow to pay its bills and avoid the risk of defaulting on its obligations. 

Meanwhile, government funding expires on Dec. 11.

Today, multiple media outlets reported that House and Senate leaders are negotiating a two-year budget agreement that would raise the debt ceiling through the 2016 election.

While the details of the deal are still being finalized, Sen. Jeff Flake, R-Ariz., tells The Daily Signal why he believes that Republican leaders should use the upcoming deadlines to reform entitlement spending.