Politics Jun 17 Specter of government shutdown rises again as House GOP seeks deeper budget cuts Speaker Kevin McCarthy's bid to appease Republican hard-liners and get the House moving again after a recent party rebellion on the floor has some Democrats warning of a difficult road ahead when it comes to passing legislation that will keep…
Politics Jun 01 Senate votes to avoid a default, sends debt ceiling bill to Biden The compromise package negotiated between Biden and House Speaker Kevin McCarthy leaves neither Republicans nor Democrats fully pleased with the outcome.
Politics Jun 01 WATCH: Senate approves bipartisan debt ceiling bill The result, after weeks of hard-fought budget negotiations, shelves the volatile debt ceiling issue that risked upending the U.S. and global economy until 2025 after the next presidential election.
Politics May 31 House approves debt ceiling bill to avoid default, sends deal to Senate Despite deep disappointment from hard-right Republicans that budget cuts don't go far enough, it was approved on a bipartisan House vote with Democrats. The Senate is expected to act quickly by the end of the week.
Politics May 31 WATCH: McCarthy holds news conference on Fiscal Responsibility Act The hard-fought deal pleased few, but lawmakers assessed it was better than the alternative — a devastating economic upheaval if Congress failed to act.
Politics May 31 WATCH: House approves debt ceiling bill to avoid default The debt ceiling and budget cuts package is heading toward a crucial U.S. House vote.
Politics May 30 Facing GOP backlash, McCarthy works to shore up votes for debt deal in time to prevent U.S. default Hard-right conservatives are criticizing the deal, while liberals decry new work requirements for older Americans in the food aid program.
Politics May 28 What’s in and what’s out of the debt ceiling deal between Biden and McCarthy President Joe Biden and House Speaker Kevin McCarthy have reached an agreement in principle on legislation to increase the nation’s borrowing authority and avoid a federal default. A look at what’s in and out of the deal, based on what’s known so far.
Economy May 26 Yellen says debt ceiling deadline is extended to June 5 House Speaker Kevin McCarthy and debt ceiling negotiators have hit "crunch" time as they strain to make a deal with the White House to raise the nation's debt limit, avert default and cut federal spending.
Politics May 20 Debt limit talks make little apparent progress as Biden, world leaders watch from afar Debt limit talks between the White House and House Republicans stopped, started and stopped again heading into a weekend where President Joe Biden and world leaders watched from afar, hoping high-stakes negotiations would make progress on avoiding a potentially catastrophic…