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…
Politics May 19 House Republicans ‘press pause’ on debt ceiling talks, criticize White House A top debt ceiling negotiator for House Speaker Kevin McCarthy says it's time to "press pause" on talks as negotiations with the White House have come to an abrupt standstill at the Capitol.
Politics May 17 Who are the 4 negotiators in the U.S. debt limit fight? President Joe Biden and House Speaker Kevin McCarthy are turning to a select group of negotiators to help broker a deal to increase the nation's borrowing authority and avoid the economic carnage that would ensue if a deal is not…
Politics May 04 WATCH: Senate Budget Committee discusses House GOP debt ceiling bill Senate Democrats pressured Republicans on the debt ceiling impasse Thursday, focused in a hearing on what they say will be painful reductions in government services if a bill recently passed by the House becomes law.
Politics May 02 WATCH: Senate Democrats promise ethics rules for Supreme Court, Republicans oppose effort Senate Democrats promised Tuesday to pursue stronger ethics rules for the Supreme Court in the wake of reports that Justice Clarence Thomas participated in luxury vacations and a real estate deal with a top GOP donor. Republicans made clear they strongly oppose the effort.