McCarthy's ouster could hurt the US economy
The fights between Washington lawmakers have become increasingly vicious even when the stakes could not be higher. Squabbles on the Hill have consequences, and the latest may lead to another credit downgrade that could seriously damage the US economy.
2023-10-04 09:24
McCarthy sets up clash over Pentagon budget and calls Senate GOP demands 'part of the problem'
Speaker Kevin McCarthy is rejecting GOP criticism of the debt limit deal he struck with President Joe Biden -- and pushed back on Senate Republican demands that Congress ramp up defense spending after the new law fell short of the levels sought by leading defense hawks.
2023-06-06 05:26
McCarthy lauds debt US ceiling deal, House conservatives divided
By David Lawder WASHINGTON U.S. House of Representatives Speaker Kevin McCarthy on Sunday lauded the debt ceiling deal
2023-06-05 02:50
U.S. House Speaker McCarthy vows debt ceiling bill to become law
WASHINGTON The bipartisan debt ceiling bill will become law, U.S. House of Representatives Speaker Kevin McCarthy said on
2023-05-31 21:58
Debt ceiling deal exposes Biden and McCarthy's weaknesses with their parties' extremes
President Joe Biden and House Speaker Kevin McCarthy convinced themselves of a compromise deal to slow federal spending and replenish the near-empty treasury with borrowed cash.
2023-05-30 12:23
McCarthy says US debt ceiling deal popular with House Republicans
WASHINGTON U.S. House Speaker Kevin McCarthy on Sunday said he expects a debt ceiling deal he struck with
2023-05-28 21:55
Biden and McCarthy race to sell their debt ceiling deal to lawmakers before the government runs out of money
The "agreement in principle" clinched by House Republicans and the White House late Saturday to raise the nation's borrowing limit was the culmination of mad-dash negotiations over the course of the past week that regularly stretched late into the night.
2023-05-28 12:21
McCarthy says he spoke with Trump about US debt ceiling talks
WASHINGTON Republican U.S. House of Representatives Speaker Kevin McCarthy said on Thursday he spoke briefly with former President
2023-05-26 01:19
Major differences remain over spending cuts and other key issues as debt limit deadline looms
Negotiations are continuing to unfold in an attempt to reach a debt limit deal, but major differences between House Republicans and the White House have yet to be bridged, and the pressure is only intensifying as the risk of default grows ever more real with each day.
2023-05-24 23:45
US economy on the brink as time runs low to avert debt default
America is heading close to the brink of a self-imposed economic disaster with the Republican-led House refusing to pay the country's debts unless President Joe Biden agrees on cuts to current and future spending and new curbs on social programs.
2023-05-22 12:28
Biden asks aides to arrange call with McCarthy as debt ceiling talks appear stalled
President Joe Biden has asked to speak with House Speaker Kevin McCarthy once his meetings conclude in Japan, in hopes of helping to put negotiations to raise the US debt ceiling -- which have appeared mostly stalled since Friday -- back on track.
2023-05-21 17:58
U.S. House Speaker McCarthy says he thinks U.S. will not default
WASHINGTON (Reuters) -House Speaker Kevin McCarthy on Wednesday said he believed the United States will not default on its debt
2023-05-17 20:17