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 ...

Negotiators struck an agreement in principle Saturday night to extend the debt ceiling. The text of the bill will be prepared by Republicans and reviewed by the Biden administration before it is ...

President Biden and Speaker McCarthy continue to spar over the next steps in negotiations on the debt ceiling. The country faces a historic default if no deal is reached before the summer deadline.

President Joe Biden and House Republicans have reached an agreement in principle to address the debt limit and cap spending. The bill text was released on Sunday evening, but the work is far from ...

Kevin McCarthy said student loan payments will resume 60 days after the deal ceiling deal is signed by President Biden after three years of deferment during the COVID-19 pandemic.

With the government on track to reach its borrowing limit within days, negotiators sealed an agreement to raise the debt ceiling for two years while cutting and capping certain federal programs.

The full legislative text of Speaker Kevin McCarthy’s agreement in principle with President Biden to suspend the nation’s borrowing limit revealed new and important details about the deal ...

Thee House passed the deal Wednesday, capping a 36-day scramble at the White House and on Capitol Hill to avert economic catastrophe ahead of the default deadline.

Editor’s note: President Biden has said he refuses to meet with Speaker Kevin McCarthy (R-Calif.) for debt limit negotiations until Republicans release a 10-year budget proposal. A previous ...

House Republicans’ go-it-alone debt limit bill pairs a debt ceiling increase expected to last into next year with what Speaker Kevin McCarthy (R-Calif.) said would be about $4.5 trillion in ...

President Joe Biden and Republican leader Kevin McCarthy announced a deal on May 27, 2023, to raise the debt ceiling, dragging the United States back from the precipice of default with only a few ...