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 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 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.
Politics May 22 Biden, McCarthy to discuss debt limit as deadline to avoid default looms Washington is racing to strike a budget compromise and raise the nation’s borrowing limit in time to avert a potentially devastating federal default as soon as next week.
Politics May 21 Debt limit negotiations resume as McCarthy, Biden plan for pivotal meeting Monday Debt ceiling talks between the White House and House Republicans resumed Sunday at the Capitol as Washington races to strike a budget compromise along with a deal to raise the nation's borrowing limit and avert an economy-wrecking federal default.
Politics May 21 WATCH: Biden holds news briefing on stalled debt limit talks as G7 summit wraps up Biden and House Speaker McCarthy will meet in person on Monday as the government races against a looming deadline to raise America’s debt limit before federal funds potentially run dry early next month.