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.
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 24 WATCH: White House holds briefing as ongoing debt ceiling negotiations continue Jean-Pierre decried what the administration called a “manufactured crisis” set in motion by Republicans pushing “extreme proposals” that would hurt "every single part of the country, whether you’re in a red state or a blue state.”…
Politics May 24 WATCH: McCarthy says sides are ‘far apart’ as he sends negotiators to finish debt limit talks Defiant, the speaker said “it's not my fault" that Washington was careening toward a crisis, pushing blame onto the White House.
Politics May 23 What are the hangups in the ongoing debt ceiling negotiations? President Joe Biden and House Speaker Kevin McCarthy met Monday after a weekend of on again, off again negotiations over raising the nation's debt ceiling and mere days before the government could run out of cash to pay its bills.
Politics May 23 WATCH: White House holds briefing after Biden and McCarthy call debt ceiling talks ‘productive’ Biden and McCarthy both said they had a productive debt ceiling discussion late Monday at the White House, but there was no agreement.
Politics May 22 No agreement yet on debt ceiling, but McCarthy say he’s optimistic after meeting It's a crucial moment for the Democratic president and the Republican speaker, just 10 days before a looming deadline to raise the debt limit.