Kevin McCarthy's bill to raise the debt ceiling squeezes by in the House after a series of contentious last-minute changes to secure enough GOP votes

Tech Insider : Economy, Politics
Kevin McCarthy
House Speaker Kevin McCarthy of California is pictured at the Capitol on January 7, 2023.

AP Photo/Jose Luis Magana

George Santos, who lied about his own employment history, wants to make the GOP's new work requirements even tougher

Tech Insider : Politics
Rep. George Santos in the green room before his interview with Piers Morgan in New York on February 20, 2023.
The scandal-plagued New York congressman has threatened to vote against the GOP’s new budget bill.

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Biden vows to veto the GOP bill to raise the debt ceiling if it makes it to his desk, saying it would cost Americans 780,000 jobs while stripping them of food assistance and student-debt relief

Tech Insider : Economy, Politics
Biden
President Biden.

AP Photo/Jacquelyn Martin, Pool

Even Republican senators aren't sold on the GOP plan to fight over the debt ceiling again in a year

Tech Insider : Economy, Politics
House Minority Leader Kevin McCarthy has expressed support for a stock trade ban.
Speaker of the House Kevin McCarthy.

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There's a real risk of a debt ceiling crisis - and a market tantrum may be needed to break the political deadlock, Evercore strategist warns

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debt ceiling
Investors need to start worrying more about a potential debt-ceiling crisis, according to Evercore ISI's Krishna Guha.

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Alexandria Ocasio-Cortez says Marjorie Taylor Greene is the Republican who's really in charge of the party and McCarthy is doing her bidding

Tech Insider : Politics
Republican Rep. Marjorie Taylor Greene of Georgia takes a selfie with Kevin McCarthy after his election as speaker of the House.
Republican Rep. Marjorie Taylor Greene of Georgia takes a selfie with Kevin McCarthy after his election as speaker of the House.

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Debt ceiling fears push the cost of insuring against a US government default to highest level since 2008 crash

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Biden and Kevin McCarthy
US president Joe Biden and speaker of the house Kevin McCarthy.

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Kevin McCarthy is fighting to 'deny critical student debt relief' to 83,000 of his own constituents in his new debt ceiling bill, Biden's Education Secretary says

Tech Insider : Economy, Politics
Education Sec. Miguel Cardona
Education Sec. Miguel Cardona.

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Republicans want to ban banning gas ovens as part of their legislation to raise the debt ceiling

Tech Insider : Economy, Politics
Kevin McCarthy and a gas stove
Kevin McCarthy wants to save the gas stoves.

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House Republicans want to ban student-loan forgiveness and immediately end the payment pause in their new debt ceiling bill

Tech Insider : Economy, Politics
House Speaker Kevin McCarthy (R-CA) Speaks On The Debt Ceiling At The Capitol
U.S. House Speaker Kevin McCarthy.

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