The Latest Breaking News from White House

Washington (AFP) - Ratings agency Fitch put the United States on notice Wednesday that its perfect credit rating could be jeopardized if the White House and Republican opposition fail to overcome their impasse on raising the nation's borrowing limit, a week before a key deadline.

WASHINGTON — House Speaker Kevin McCarthy’s optimism that White House and GOP negotiators would reach a deal in time to avert a potentially catastrophic default didn’t mollify analysts as the U.S. was put on a ratings watch late Wednesday.

Speaker Kevin McCarthy said Wednesday that negotiations to lift the statutory debt limit are going better than they had been a day earlier.

WASHINGTON — Negotiators for the White House and House Republicans resumed talks on lifting the U.S. debt ceiling amid an impasse just days before a potentially catastrophic default, according to a person familiar with the matter.

Debt limit talks in Washington have hit a fresh impasse with negotiators far apart on key issues, especially the spending cuts demanded by Republicans, as time runs short to avert a historic US default.

House Republican and White House negotiators met midday Wednesday on President Joe Biden's home turf for a change.

Stock futures slip lower as debt ceiling concerns weigh; Fed minutes in focus as markets seek clarity on rate path; Debt talks at impasse as deadline looms, treasury bill yields jump; Nvidia earnings on deck as investors look to AI impact on chipmakers and PacWest shares gain after real estate…

By acting as if Thomas has done nothing wrong, chief justice John Roberts looks pathetic and enabling of unethical behavior

The incident will no doubt be setting off alarm bells around Capitol Hill – coming at a time when lawmakers and government officials have faced growing threats and just two years after Donald Trump supporters succeeding in storming the US Capitol in the January 6 riot. Rachel Sharp reports