US House Speaker Kevin McCarthy has said he is confident a deal to raise the US government debt ceiling will be reached ... to be turned into a legislative text to be approved by Congress.

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 ...

The White House and House Speaker Kevin McCarthy have reached an agreement in principle on a deal to raise the debt ceiling ... that he anticipated the bill text would be publicly available ...

WASHINGTON — A defiant House Speaker Kevin McCarthy said Wednesday the debt ceiling standoff was ... more time as they try to reach a budget deal with President Joe Biden.

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.

"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 ...

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 ...

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 ...

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 ...