The Latest Breaking News from Chip Roy

McCarthy, who struck a compromise deal to avoid a debt default, faces criticism from members of his own conference and a potential threat that could oust him as speaker. He says his job is secure.

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

House GOP leaders released the legislative text of their deal with the White House to suspend the debt ceiling until 2025.

Biden and McCarthy may cut a deal before the weekend — but many Republicans and Democrats are likely to oppose it

The high-stakes confrontation could have an impact on retirements accounts, corporations and much more.

WASHINGTON — Debt limit negotiations on Thursday morning had the feel of a deal starting to come together, with no in-person meetings scheduled but both sides working through various options in advance of the long holiday weekend.

WASHINGTON — Political calculations and concerns about legislative precedent within Congress and the White House have brought the government within a week of potentially failing to pay all of its debt obligations.

Political calculations and concerns about legislative precedent have brought the government to within a week of a potential debt default.

Negotiators working to hash out a deal to raise the debt limit were getting closer to agreement late Thursday.