Kevin McCarthy’s Debt Ceiling Dilemma

A continuing military investigation has determined that the United States is responsible for a strike that hit an elementary school in Iran, according to U.S. officials and others familiar with the preliminary findings. Iranian officials have said the death toll was at least 175 ...  Show more

As Iran has tightened its chokehold on one of the world’s most vital shipping routes and the Trump administration sent mixed signals about how long the war would last, oil prices have swung wildly. Rebecca F. Elliott, who covers energy for The New York Times, explains just how mu ...  Show more

<span style="background-color: transparent; color: rgb(0, 0, 0);">Congress and President Biden have five weeks to strike a deal on raising the debt ceiling, according to a new projection from the Treasury Department. Otherwise, the country will need to brace for an ...

Congress and the Biden administration are once again at loggerheads over a potential debt ceiling crisis – and the possibility of defaulting on its debt for the first time in the United States’ history. CNN Political Director David Chalian breaks down Speaker Kevin McCarthy’s spe ...  Show more

The US House Speaker says there's been progress in the talks about a deal to raise the government debt limit for two years, and that negotiations with the White House will continue. Kevin McCarthy said the work would carry on until an agreement was reached - but he added this was ...  Show more

The White House and Congress are battling over raising the nation’s $31.4 trillion debt ceiling. If they don’t act and the US defaults on its debt this summer, the economic shockwaves will be felt across the nation and around the world. Even so, the conventional wisdom in many pa ...  Show more