The Latest Breaking News from Kevin McCarthy

WASHINGTON — Debt limit negotiations on Thursday morning had the feel of a deal starting to come together, with no in-person meetings scheduled but both sides working through various options in advance of the long holiday weekend.

WASHINGTON — “Congress must act.”

WASHINGTON — Political calculations and concerns about legislative precedent within Congress and the White House have brought the government within a week of potentially failing to pay all of its debt obligations.

Billionaire Mike Cannon-Brookes has claimed control of the controversial Sun Cable solar export project in the Northern Territory, while NSW and Victoria enter a "retail recession" according to analysts. Look back on the day's financial news and events as they happened with our blog.

House adjourned for holiday weekend, but lawmakers could be recalled to vote on deal if agreement is reached

Political calculations and concerns about legislative precedent have brought the government to within a week of a potential debt default.

After sounding like an admitted 'broken record' on the debt talks, the White House is sounding a sharper tone about House Republicans.

Negotiators working to hash out a deal to raise the debt limit were getting closer to agreement late Thursday.

I've never seen a president this bad at communicating his agenda. If he loses to Trump, it'll be his own damn fault

"Democrats know they will have to eat a turd sandwich," one House Democrat told Axios.

June S&P 500 futures (ESM23) are up +0.63%, and June Nasdaq 100 E-Mini futures (NQM23) are up +1.74% this morning after three major U.S. benchmark indices finished the regular session in the red as talks between the White House and Republican representatives on raising the U.S. debt ceiling ended without…