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WASHINGTON — House Speaker Kevin McCarthy said Thursday that “every hour matters” as his team scrambles to finalize a budget deal with the White House tha
By MARY CLARE JALONICK, LISA MASCARO and COLLEEN LONG Associated Press WASHINGTON (AP) — In just days, the U.S. government could run out of cash to pay its
House Speaker Kevin McCarthy said Thursday that every hour matters as his team scrambles to finalize a budget deal with the White House that would enable the government to avoid a potentially catastrophic default. The two sides have to strike a deal in a matter of days before the country runs out of cash to pay its bills.
As the debt ceiling fight in Washington heads down to the wire with the risk of a technical default looming, investors are growing nervous. Some are f
House Republicans still don’t have a deal with President Joe Biden to raise the nation’s debt ceiling a little more than a week away from a potentially catastrophic default. House