For the first time in months, President Joe Biden and House Speaker Kevin McCarthy appear to be on the same page: The country cannot default on its debt and a compromise has to be reached to avert ...

This was always Biden's top priority. The president could not afford an economic disaster to unfold as a result of a default. The extension means Congress will not have to deal with the debt ...

Biden called for an unconditional increase in the debt limit. But he began negotiating a separate budget agreement with McCarthy after the Republican-controlled House approved a debt ceiling bill ...

President Biden and House Speaker Kevin McCarthy announced a deal to increase the government debt limit so the U.S. can avoid a default and economic turmoil.

Staring down a fast-approaching deadline to raise the debt limit, they need to find some kind of common ground as they publicly jostle over the federal government's $31.4 trillion in debt.

The latest on the debt ceiling deal: The House voted to pass Speaker Kevin McCarthy's debt ceiling deal with President Joe Biden tonight on a 314-117 vote. The bill will now go to the Senate ahead ...

WASHINGTON, May 27 (Reuters) - U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to suspend the federal government's $31.4 trillion debt ceiling on ...

President Joe Biden answers questions from reporters in the Roosevelt Room after holding debt limit talks with House Speaker Kevin McCarthy (R-CA), Senate Republican Leader Mitch McConnell (R-KY ...

On Tuesday, Biden and top congressional leaders will gather at the White House for debt ceiling talks. It will be the first meeting between House Speaker Kevin McCarthy and Biden on the issue ...

President Joe Biden and top lawmakers agreed on Tuesday to further talks aimed at breaking a deadlock over raising the $31.4 trillion U.S. debt limit, with just three weeks before the country may ...

The House overwhelmingly approved the Fiscal Responsibility Act of 2023 Wednesday evening on a 314-117 vote. The bill now heads to the Senate, where it will need 60 votes before it would go to Biden.

US President Joe Biden shakes hands as he presents a copy of his speech to House Speaker Kevin McCarthy of Calif., before he delivers his State of the Union address to a joint session of Congress ...