Page 17 - Representative Patrick Mchenry News Today

The two vowed to continue talking amid fears a default on the US government's $31.4 trillion debt ceiling could sink the country's economy.

By David Morgan and Nandita Bose WASHINGTON (Reuters) -President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement Monday on how to raise the U.S. government’s $31.4 trillion debt ceiling with just 10 days before a possible default that could sink the U.S. economy, but vowed to keep talking. The Democratic president and the top congressional Republican have struggled to make a deal, as McCarthy pressures the White House to agree to spending cuts in the federal budget ...

President Joe Biden and House Speaker Kevin McCarthy could not reach an agreement Monday on how to raise the U.S....

House Speaker Kevin McCarthy said he expects to speak with President Joe Biden shortly on negotiations to avert a catastrophic U.S. debt default even as he signaled that talks remain

A second meeting on Friday between White House and Republican congressional negotiators on raising the federal government's $31.4 trillion debt ceiling broke up with no progress cited by either side and no additional meeting set.

(Adds Biden comment in paragraph 3-4) WASHINGTON/HIROSHIMA, Japan, May 19 (Reuters) - A second meeting on Friday between White House and Republican congressional negotiators on raising the federal government's $... | May. 19

The president’s confidence was in stark contrast to the tone struck by White House

An important juncture has been reached in Washington. Two essential discussions between the White House and Republican congress members, centered around raising the debt ceiling, have resulted in a deadlock, marking an impasse in the nation’s fiscal conversation. The nation’s debt ceiling currently sits at $31.4 trillion, and the challenge of altering this figure remains ... <a title="White House and Republicans at standstill in debt ceiling talks" class="read-more" hr...

U.S. debt limit negotiators aren’t planning to meet on Saturday, according to people with knowledge of the matter, as the White House accused Republicans of being unwilling to negotiate. House

WASHINGTON, May 16 (Reuters) - The Federal Reserve will unveil its plan to ratchet up capital rules for banks this summer and will ensure supervisors more aggressively police lenders following several recent ba... | 12:13pm