Speaker Kevin McCarthy (R-Calif.) released text of the bill to raise the debt limit Sunday evening as Democratic and Republican leaders work to corral support ahead of this week’s vote. The bill ...

House Republicans and the White House unveiled the text of a two-year bipartisan budget deal on Sunday that would lift the $31.4 trillion debt limit through the 2024 election and limit federal ...

Biden said the deal removes the threat of default. AP. As Sunday dragged on, negotiators labored to write the bill text and lawmakers raised questions.

McCarthy, R-Calif., defended his budget deal with President Biden against conservative critics, telling anchor Shannon Bream that Jeffries, D-N.Y., had complained to him that Democrats weren’t ...

Budget Biden, McCarthy reach debt ceiling deal to avoid default: Here’s what’s in it House Rules Committee to meet Tuesday afternoon to prep debt ceiling bill for floor debate Wednesday ...

Despite the pressure to address the debt limit, McCarthy reaffirmed that House will maintain its 72-hour rule, which gives House members 72 hours to review a bill after its text is finalized ...

Speaker Kevin McCarthy (R-Calif.) said Sunday that House Minority Leader Hakeem Jeffries (D-N.Y.) told him that Democrats don’t see “one thing” in the debt ceiling deal in their favor, as ...

President Joe Biden and House Speaker Kevin McCarthy convinced themselves of a compromise deal to slow federal spending and replenish the near-empty treasury with borrowed cash.

Party leaders in Washington are waging an urgent campaign Monday to convince Democrats and Republicans to get behind compromise legislation that would avert a first-ever national default.

Biden, McCarthy Come to Provisional Deal to Raise $31.4T Debt Ceiling Just Days Until Default The agreement remains in limbo as neither party is totally on board. By Jack McCordick ...

House Speaker Kevin McCarthy announces that he has reached a deal with President Biden to raise the debt ceiling at the U.S. Capitol May 27, 2023. Francis Chung/AP ...