The Latest Breaking News from Chip Roy

Joined in opposition by four Texas Democrats, the “no” votes weren’t enough to sink the proposal, which next heads to the U.S. Senate.

Debt limit legislation cleared its first critical hurdle Tuesday, when the House Rules Committee backed the terms for floor debate.

McCarthy, who struck a compromise deal to avoid a debt default, faces criticism from members of his own conference and a potential threat that could oust him as speaker. He says his job is secure.

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the Environmental, Social, and Corporate Governance (ESG) trends and events that characterize the growing intersection between business and politics.

The Kentucky GOP lawmaker appeared to keep lawmakers’ efforts to avoid a debt default as soon as June 5 on track.

Lawmakers are scrambling to push through Biden-McCarthy deal by 5 June to avoid default disaster – what is the process?

Conservatives and fiscal hawks say the bill doesn't cut spending enough.

Some conservative Republicans and progressive Democrats have criticized the deal.

House GOP leaders released the legislative text of their deal with the White House to suspend the debt ceiling until 2025.

Biden and McCarthy may cut a deal before the weekend — but many Republicans and Democrats are likely to oppose it

The high-stakes confrontation could have an impact on retirements accounts, corporations and much more.