The president has options to avoid a default without having to agree spending cuts—but these may be politically unpalatable.

Time is running out for President Biden and Republican lawmakers to strike a deal to raise the debt limit before a June 5 ...

President Joe Biden and House Speaker Kevin McCarthy have made progress on finding an agreement on annual spending caps, ...

Democrats and Republicans seemed within grasping distance Saturday of a deal to end the US debt ceiling standoff, with both ...

The good news is that the President Joe Biden’s administration is moving to do just that. Earlier this month, the ...

House Speaker Kevin McCarthy told reporters that negotiators worked well past midnight in order to try to reach an agreement, ...

Oh, this thing will absolutely pass,” said Rep. Dusty Johnson, the chair of the center-right Main Street Caucus.

Each of the leaders will get a political boost from the compromise, but especially the House speaker, whose reputation was less secure.

President Joe Biden brushed off noisy statements issued Saturday by both sides in the debt and spending talks gripping ...

Debt ceiling negotiations between President Biden and Republican leaders are sputtering toward the brink of an unprecedented ...

After days of intense negotiations and weeks of talks, an agreement in principle has been reached to raise the debt ceiling.

Speaker Kevin McCarthy said key decisions could be made by the two parties’ chief debt limit negotiators when they meet on ...