This week marks the biggest test yet for the speakership of House Speaker Kevin McCarthy, R-Calif. McCarthy needs to show that he can keep his members together to approve the Republican version of a ...

President Biden and Speaker Kevin McCarthy (R-Calif.) reached an agreement in principle late Saturday to cap spending and raise the debt ceiling in an effort to avoid a potentially disastrous ...

What Is a Ceiling in Finance? A ceiling in finance is the maximum permitted level in a financial transaction. The term can be applied to a variety of factors such as interest rates, loan balances, ...

The House passed the debt ceiling bill Wednesday night just days ahead of the June 5 deadline to avoid a catastrophic U.S. default. McCarthy suggests he'll push for more cuts and work requirements now ...

After House Speaker Kevin McCarthy briefed House Republicans on the outlines of a bill to raise the debt ceiling in exchange for spending cuts and policy changes, lawmakers emerged seeking more ...

Speaker Kevin McCarthy made a plea to House Republicans during a closed-door meeting Tuesday morning to back his debt ceiling plan, telling them that although it doesn’t have to include everything ...