US House Speaker Kevin McCarthy has said he is confident a deal to raise the US government debt ceiling will be reached by the 5 June deadline. He said there had been progress in negotiations ...

New spending restraints agreed to last year by President Biden and Republicans in Congress will help slow the growth in the federal deficit by roughly $1.4 trillion over the next decade, according ...

"I believe we can get a deal done," House Speaker McCarthy told reporters. While acknowledging areas of disagreement, Mr Biden said a default was "off the table". The debt ceiling is a spending ...

The White House and House Speaker Kevin McCarthy have reached an agreement in principle on a deal to raise the debt ceiling, a breakthrough that helps move the country away from a historic ...

North Carolina Rep. Dan Bishop $4 on Tuesday, after McCarthy struck a deal with President Joe Biden to suspend the debt ceiling until 2025. Bishop, a member of the far-right House Freedom Caucus ...

McCarthy said he expected to finish writing the bill Sunday and have a vote on the deal on Wednesday, May 31. The deal would suspend the $31.4 trillion debt ceiling until January of 2025.

McCarthy faces a hard-right flank that is likely to reject any deal, which has led some Democrats encouraging Biden to resist any compromise with the Republicans and simply raise the debt ceiling ...

Ahead of their Monday afternoon meeting, Biden and McCarthy spoke as the president ... Failure to strike a debt ceiling deal would leave Washington unable to pay its bills and trigger an array ...

TASS/. US House Speaker Kevin McCarthy said after meeting with US President Joe Biden that the leaders’ conversation on raising the national debt ceiling was ‘productive,’ but no agreement ...