Debt Ceiling

The House of Representatives approved the debt ceiling deal negotiated by the Biden administration and Speaker Kevin McCarthy Wednesday.

The hard-fought deal pleased few, but lawmakers assessed it was better than the alternative — a devastating economic upheaval if Congress failed to act.

A measure in the proposed debt ceiling deal that would terminate the student loan payment pause is facing heavy opposition from advocates and progressives.

President Joe Biden and House Speaker Kevin McCarthy have been working the phones in an intense push to sell Congress on the 99-page bill that would suspend the nation’s debt limit through 2025 to avoid a federal default while limiting government spending. The Democratic president and Republican speaker have to win their respective parties’ support for the plan in time to...

President Joe Biden says he “feels good” about the debt ceiling and budget deal negotiated with House Speaker Kevin McCarthy.

After weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have struck an agreement to avert a potentially devastating government default. Here are key takeaways.

The reviews are starting to come in as details emerge about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy.

To pass their debt ceiling deal, House Speaker Kevin McCarthy and President Joe Biden will now have to sell it to their respective parties.

President Joe Biden and House Speaker Kevin McCarthy, R-Calif., say they have reached a deal in principal to raise the debt ceiling.

The debt ceiling deal has come with just days to spare before a potential first-ever government default. On Sunday, President Joe Biden and House Speaker Kevin McCarthy reached a final agreement and they are urging Congress to quickly pass it. Biden pronounced the development “good news” in remarks at the White House announcing the agreement. This followed a tentative compromise...

President Joe Biden and Speaker Kevin McCarthy have reached an agreement in principle on legislation to increase the nation’s debt ceiling and avoid default. Here’s a look at what’s in and out of the deal.

President Joe Biden and House Speaker Kevin McCarthy reached the agreement after the two spoke Saturday evening by phone.

President Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis. McCarthy outlined the proposed deal Saturday night. Biden and McCarthy spoke by phone earlier in the evening as they raced to prevent a catastrophic debt default. With the outline of an agreement, a legislative package can be drafted in time...

In remarks at the White House, Biden said, “It’s about competing versions of America.” Yet both men expressed optimism that the gulf between their positions could be bridged.

House Republicans say raising the debt ceiling to avoid default is the only concession they will make. In return, they want a laundry list of GOP priorities.

Congress faces a June 1 deadline to raise or suspend the debt ceiling in order to avoid a catastrophic default.

“We don’t have an agreement yet, but I did feel the discussion was productive in areas we had differences in opinion,” said McCarthy after meeting with Biden on Debt Ceiling Monday.

Republicans are insisting on spending cuts in exchange for raising the debt limit; Biden has come to the negotiating table after balking for months but says the GOP lawmakers will have to back off their “extreme positions.”

President Biden and Speaker Kevin McCarthy will meet face to face Monday to try to find a way to keep the country from defaulting on its bills. NBCs Brie Jackson Reports.

House Speaker Kevin McCarthy said he had a productive debt ceiling discussion with President Joe Biden late Monday at the White House, but no agreement yet as Washington strains to strike a budget compromise and raise the nation’s borrowing limit in time to avert a potentially chaotic federal default.