The Latest Breaking News from Kevin McCarthy

Democrats and Republicans continue to trade pointed remarks, underscoring that agreement is not in reach to avoid default

The House GOP caucus "auctioned off" lip balm used by the House speaker amid debt ceiling negotiations

Watch as Kevin McCarthy holds a news briefing in the Capitol to speak on the US debt crisis.

Debt limit talks in Washington have hit a fresh impasse with negotiators far apart on key issues, especially the spending cuts demanded by Republicans, as time runs short to avert a historic US default.

Rep. Stephanie Bice is one of the busiest lawmakers in Congress, whose current mission is a paid family leave bill.

June S&P 500 futures (ESM23) are trending down -0.33% this morning after three major U.S. benchmark indices finished the regular session solidly lower as worries about a potential U.S. default hurt risk sentiment, while market participants also waited for minutes from the Federal Reserve’s last meeting.

Rep. Garret Graves was critical in helping Kevin McCarthy get the votes to be elected speaker. Now, he's taking the lead at the negotiating table on how to avoid a historic debt default.

House Republicans insist there's a gulf between them and the White House on key areas on how to resolve the looming debt ceiling deadline.

Asian stock markets have slid as the U.S. government creeps closer to a potentially disruptive default on its debt

Debt ceiling negotiations are locked on a classic problem that has vexed Washington before: Republicans led by House Speaker Kevin McCarthy want to roll back federal government spending, while President Joe Biden and other Democrats do not

Politicians in Washington may be offering assurance that the government will figure out a way to avert default, but around the country, economic anxiety is rising and some people already are adjusting their routines