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 ...

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 ...

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 ...