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 ...

In June, I compiled a guide of nine things to know about the debt ceiling. Back then, Congress and the White House had eight weeks to reach an agreement before the Aug. 2 ...

After House Speaker Kevin McCarthy briefed House Republicans on the outlines of a bill to raise the debt ceiling in exchange for spending cuts and policy changes, lawmakers emerged seeking more ...

Steep budget cuts included in House Republicans’ plan for raising the debt ceiling would be a major blow to New York, Senate Majority Leader Chuck Schumer said Sunday as efforts to increase the ...

A bipartisan group of lawmakers drafted a debt ceiling proposal that would help the country avoid defaulting on its loans and would act as a backup plan if House Republicans and President Joe Biden ...