This week marks the biggest test yet for the speakership of House Speaker Kevin McCarthy, R-Calif. McCarthy needs to show that he can keep his members together to approve the Republican version of a ...

House Democrats need at least five Republican defections for their debt ceiling backup plan to prevail. So far, Republicans don’t appear to be interested. The plan, which was teased in a letter to ...

If the debt ceiling deal hammered out between President Joe Biden and House Speaker Kevin McCarthy, R-California, passes Congress and is signed into law by the president, the pause on federally funded ...

Speaker Kevin McCarthy (R-CA) on Wednesday unveiled his party’s highly-anticipated debt ceiling proposal, saying he's willing to lift the limit by $1.5 trillion or until March 31, 2024 — whichever ...

Treasury Secretary Janet Yellen said that despite the government hitting the debt ceiling months ago, there has been no plan for prioritizing payments presented to the president. As lawmakers struggle ...

Senate Republicans are raising grave doubts about House Republicans’ plan to raise the debt ceiling as part of a massive tax cuts and border spending bill, a dynamic that could lead to a protracted ...

The department has a plan to build on modular modernization advances piloted in New Jersey, but provisions in the debt ceiling compromise legislation could claw back funding pledged in the American ...