The Latest Breaking News from Kevin McCarthy

Congressional forecasters say the debt ceiling deal struck by President Biden and House Speaker Kevin McCarthy over the weekend would reduce deficits by about $1.5 trillion over the next decade.

If Democrats don't abolish this monstrous terrorist weapon the next time they get a trifecta, it'll be unforgivable

Freedom caucus denounces House leader Kevin McCarthy’s deal with Joe Biden to raise the debt ceiling before the default deadline

The number of votes the bill gets from each party could signal who made the better deal.

WASHINGTON: A deal to raise the US debt ceiling passed its first major test in Congress on Tuesday, surviving a crucial procedural vote amid a conservative backlash that resurrected the threat of the country's first-ever default.

Elon Musk, Chief Executive of Tesla, is making a visit to China this week. As the electric vehicle company's second-largest market and a crucial player in its supply chain, the country holds significant importance for Tesla. After a meeting with the Chinese foreign minister, Musk was reported to have expressed…

Analysts taking the measure of the debt-ceiling pact call it modest.

Asian stock markets are lower ahead of a vote by Congress on a deal to avert a government debt default while China factory activity weakened

Hard-fought to the end, the debt ceiling and budget cuts package is heading toward a crucial U.S. House vote