The Latest Breaking News from Kevin McCarthy

WASHINGTON — Negotiators for the White House and House Republicans resumed talks on lifting the U.S. debt ceiling amid an impasse just days before a potentially catastrophic default, according to a person familiar with the matter.

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

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

WASHINGTON — Speaker Kevin McCarthy left the U.S. Capitol late Tuesday afternoon saying the two parties had yet to reach a deal to avert a first-ever U.S. default, and a top lieutenant said there are no more meetings planned.