The Latest Breaking News from Washington D.C.

​WASHINGTON — ​Economists at Moody’s Analytics estimate that the Treasury Department will run out of borrowing room by mid-August if Congress doesn’t act to raise or suspend the statutory debt limit by then.

Like many of the thousands of workers cut recently by Seattle-area tech firms, Eric, a former Amazon software engineer, recalls his layoff as a kind of one-two gut punch.

WASHINGTON — Hot inflation data could lead the Federal Reserve to raise interest rates to higher levels and at an accelerated pace, Federal Reserve Chairman Jerome Powell told the Senate Banking Committee on Tuesday.

WASHINGTON — The Republican and Democratic leaders of the House Foreign Affairs Committee said they triggered a requirement that the Biden administration determine within four months whether a Chinese surveillance company should be sanctioned for human rights violations against ethnic Uyghurs and other Muslim minorities in the Xinjiang province.