House Speaker Kevin McCarthy and President Joe Biden need to reach an agreement to avoid default. McCarthy said negotiators would continue to "work through the night" in a bid to reach a deal.
President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement Monday on how to raise the U.S. government's $31.4 trillion debt ceiling with just 10 days before a possible default…
House Republicans rally to Speaker Kevin McCarthy in debt ceiling talks with Joe Biden as conservative leaders encourage McCarthy to “hold the line” on spending.
As the country inches closer to default, House Speaker Kevin McCarthy (R-CA) is hopeful progress can be made soon and still believes a deal can be reached before the June 1 deadline to raise the debt ceiling.
House Speaker Kevin McCarthy on Tuesday indicated that raising the debt ceiling is the only concession he will make, also telling a closed-door meeting that "we are nowhere near a deal," according to sources. Follow here for live updates.
The Freedom Caucus is demanding that Kevin McCarthy not compromise with Joe Biden on negotiations over raising the debt ceiling, and have issued fresh demands.
House Speaker Kevin McCarthy told reporters that negotiators worked well past midnight in order to try to reach an agreement and claimed some progress in the talks.
Rep. Matt Gaetz (R-FL), one of House Speaker Kevin McCarthy's (R-CA) chief antagonists, predicted that a deal to lift the debt ceiling won't imperil his speakership despite falling short of demands from conservatives in his conference.
President Joe Biden said Thursday afternoon that he's had several "productive conversations" with House Speaker Kevin McCarthy and their teams are "making progress" on debt ceiling talks.
House Speaker Kevin McCarthy says negotiators have "made progress” on a deal with the White House to raise the nation's debt limit, avert default and cut federal spending. McCarthy said
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
The Democratic president and Republican speaker hope to strike a budget compromise this weekend. With Republicans driving for steep cuts, the two sides have been unable to agree to spending levels for 2024 and 2025.
WASHINGTON >> House Speaker Kevin McCarthy and his Republican debt negotiators hit “crunch” time today at the Capitol, straining to wrap up an agreement with President Joe Biden to curb federal spending and lift the nation’s borrowing limit ahead of a fast-coming deadline.
As soon as June 1, Treasury says it could run short of funds to pay the bills. A federal default on the nation's debt would send the economy into chaos.
House Republicans are warning that any watered-down debt limit deal could collapse the GOP majority, which would make it certain that somebody would try to remove Speaker Kevin McCarthy.
House Speaker Kevin McCarthy (R-CA) brushed off concerns from members of the House Freedom Caucus over debt ceiling negotiations, saying he is confident he’ll have enough support from rank-and-file lawmakers to get a deal passed before the country defaults on its loans.
WASHINGTON — President Joe Biden and top congressional Republican Kevin McCarthy on Thursday appeared to be nearing a deal to cut spending and raise the government’s $31.4 trillion debt ceiling,
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Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default | Since Then
