debt ceiling standoff

"Negotiators are still far apart" but a deal by the end of the week is "feasible," House Speaker Kevin McCarthy (R-CA) said following a debt ceiling summit with President Joe Biden and other key lawmakers on Tuesday. "We've set the stage for further...

President Joe Biden addressed the debt ceiling crisis on Wednesday, stating that Republicans are "holding the economy hostage," by threatening a default on U.S. debt.  They want "huge cuts to important programs for millions of working middle-class Americans," and...