Current track




Drew Angerer/Getty Images (WASHINGTON) — Speaker Kevin McCarthy announced at a brief presser on Saturday night that House Republicans and the White House have reached a tentative deal to raise the federal government’s debt limit, ending a monthslong stalemate. “I just got off the phone with the president — I talked to him twice today — […]

Anna Rose Layden/Getty Images (WASHINGTON) — A bipartisan majority of Congress will approve a compromise in the coming days to raise the nation’s debt ceiling and avert a historic default that could upend the economy while enforcing some limits on government spending, House Speaker Kevin McCarthy predicted on Sunday. McCarthy, flanked by the two Republican negotiators […]

Win McNamee/Getty Images (WASHINGTON) — With potential default just six days away, House Speaker Kevin McCarthy arrived at the Capitol Friday telling reporters he remained optimistic despite no deal in hand. McCarthy said negotiators “made progress” overnight but wouldn’t get into specifics of the framework being discussed. “And I’m gonna work as hard as we […]

Kevin Dietsch/Getty Images (WASHINGTON) — With just seven days until potential default, House members are heading home for Memorial Day recess — without a debt ceiling deal in sight. “Every hour matters,” House Speaker Kevin McCarthy told ABC News Senior Congressional Correspondent Rachel Scott on Thursday. “That’s why the White House has to become very […]

Bloomberg Creative/Getty Images (WASHINGTON) — After three weeks of negotiations and eight days from a possible default, as of Wednesday there was still no breakthrough in talks to avert potential financial catastrophe as soon as June 1. Shortly before noon, House Speaker Kevin McCarthy told reporters he was sending his House Republican bargaining team to the […]

Tim Graham/Getty Images (WASHINGTON) — In a closed-door meeting with House Republicans Tuesday morning, Speaker Kevin McCarthy told his conference he and the White House are “nowhere a deal” on the debt limit and spending, urging members to hold firm, sources told ABC News. “I need you all to hang with me on the debt […]

Tom Williams/CQ-Roll Call, Inc via Getty Images (WASHINGTON) — As House Speaker Kevin McCarthy expressed his most positive view yet on debt ceiling talks, a group of hardline conservatives on Thursday urged Republicans to stop negotiating altogether. McCarthy said that while no deal has been reached, they’re in a “much better place” than a week […]

Kent Nishimura/Los Angeles Times via Getty Images (WASHINGTON) — House Speaker Kevin McCarthy on Wednesday unveiled a long-awaited GOP proposal to lift the debt limit and enact federal spending cuts. Speaking on the House floor, McCarthy outlined what’s included in the so-called Limit, Save, Grow Act, designed to raise the debt limit into next year and […]

Timothy A. Clary/AFP via Getty Images (NEW YORK) — In a speech at the New York Stock Exchange on Monday, Speaker Kevin McCarthy said House Republicans will vote in “the coming weeks” on legislation to raise the debt ceiling but for only one year and tied to spending cuts. He continued to blame President Joe […]

Timothy A. Clary/AFP via Getty Images (NEW YORK) — Speaking at the New York Stock Exchange on Monday, House Speaker Kevin McCarthy said the House will vote in “the coming weeks” on legislation to raise the debt ceiling and cut federal spending as he continued to blame President Joe Biden for not negotiating and accused […]