The Latest Breaking News from Kevin McCarthy

The Treasury estimates the country could default on its loans early next month. But negotiators are still hashing out key provisions like whether to expand work requirements for federal assistance.

The U.S. government could be unable to pay all its bills on time if the debt limit isn’t raised or suspended by June 5.

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

There’s progress on the debt limit. There’s no progress. Conservatives have revolted. Liberal Democrats are angry. Negotiators actually ate a meal together. That’s a good sign. No it isn’t. Who’s up? Who’s down?

WASHINGTON: Democrats and Republicans inched towards a deal on Friday, ahead of a long weekend, to extend the US debt ceiling and avoid a crippling default that could hit the world's biggest economy within days.

Temporary block on restrictions until state supreme court can review; Joe Biden and Kevin McCarthy reportedly closing in on a deal

House adjourned for holiday weekend but lawmakers could be recalled to vote on deal if agreement is reached. Plus, why men lose their friends – and how they can make more

Stock futures edge lower as traders eye debt deal reports; Fed inflation gauge in focus as rate hike bets quicken; Costco lower after Q3 earnings miss on muted big ticket spending; U.S. Banks cut Fed borrowing, balance sheet shrinks and Debt ceiling deal nears as Biden, McCarthy focus on spending…

Asian markets have turned mostly higher as a deadline looms for Congress to reach a deal on the U.S. government debt or face a potentially damaging default

Days from a deadline, President Joe Biden and House Speaker Kevin McCarthy are narrowing in on a two-year budget deal that could unlock a vote for lifting the nation’s debt ceiling

Lawmakers are not expected back in Washington until Tuesday, two days before Treasury Secretary Janet Yellen predicts the U.S. won’t have funds to pay its bills.