Page 14 - Representative Patrick Mchenry News Today

‘Process of getting inflation back down to 2% has long way to go,’ central bank chief Powell tells congressional panel.

The committee hearing will discuss the future of the digital asset ecosystem and Congress’s efforts to provide clear rules of the road.

Targets PAC donated hundreds of thousands of dollars to elect Republicans in last years midterm elections.

The bar was set low for Kevin McCarthy, a newcomer to the speakership, while Joe Biden is an unpopular president who first refused to talk on lifting the debt ceiling. Also, the fact that they are on opposing sides in Washingtons political fight makes their feat all the more remarkable

There was general resentment that Democrats were needed to get it over the line in the House because Republicans lacked the votes.

The bar was set low for Speaker of the House Kevin McCarthy, known more for politicking and fundraising than for policymaking. But, in the end, he delivered a debt-limit agreement that few expected, leaving some of his Republican colleagues feeling deceived

The last time the United States came perilously close to defaulting on its debt, a Democratic president and a Republican speaker of the House cut a deal to raise the nation’s borrowing limit and tightly restrain some federal spending growth for years to come. The deal averted default, but it hindered what was already a slow recovery from the Great Recession.

President Joe Biden and House Republicans have reached a deal to raise the governments debt ceiling and avert a devastating default. Here are the key takeaways from the agreement, which still needs to be approved by a divided Congress in a vote on Wednesday

By Steve Holland, Moira Warburton and Rami Ayyub WASHINGTON (Reuters) -Democratic President Joe Biden and a Republican negotiator said on Friday they were working on a deal to raise the U.S. government's $31.4 trillion debt

Without deal, US could face calamitous default