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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

Wed, 04/26/2023 - 17:51

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

economy, politics, Policy, Debt Ceiling, Debt Limit, Kevin McCarthy, Biden

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

Tue, 04/25/2023 - 09:58

Tech Insider : Economy, Politics

House Minority Leader Kevin McCarthy has expressed support for a stock trade ban. — Speaker of the House Kevin McCarthy.
Demetrius Freeman/The Washington Post via Getty Images

economy, politics, Policy, Kevin McCarthy, Debt Ceiling, George Santos, Alexandria Ocasio-Cortez

House Republicans unveil their plan to raise the debt ceiling for just one year — and it already faces hurdles from its own party

Wed, 04/19/2023 - 15:54

Tech Insider : Economy, Politics

Speaker of the House Kevin McCarthy — Speaker of the House Kevin McCarthy.
Alex Wong/Getty Images

economy, politics, Policy, Debt Ceiling, Debt Limit, Kevin McCarthy, Biden

US foreclosure filings jump 22%, and repossessions hit highest level in 3 years

Wed, 04/19/2023 - 13:48

Tech Insider : Economy

Two movers carry a sofa into a moving truck parked out front of a large white house. — Luxury single-family homes in the top 20 US markets and with modest footprints between 2,500 and 3,500 square feet sold 18.6% faster between April and August 2022 than big homes between 4,500 and 5,000 square feet, according to a report by Coldwell Banker.
Yellow Dog Productions/Getty Images

Markets, MI Exclusive, Housing Market, Foreclosure, Unemployment, Default, economy

Kevin McCarthy says he's 'very concerned' he won't reach a deal to raise the debt ceiling because Biden 'never wants to meet'

Thu, 04/06/2023 - 14:28

Tech Insider : Economy, Politics

Biden and Kevin McCarthy — US President Joe Biden and Speaker of the House Kevin McCarthy.
Drew Angerer/Getty Images

economy, politics, Policy, Kevin McCarthy, Biden, Debt Ceiling, Debt Limit

The US could be 4 months away from a potentially disastrous debt-ceiling breach, but nobody's negotiating over how to fix it

Sat, 03/04/2023 - 08:30

Tech Insider : Economy, Politics

Senate Majority Leader Chuck Schumer, Senate Minority Leader Mitch McConnell, Speaker of the House Kevin McCarthy — Senate Majority Leader Charles Schumer (D-NY), Senate Minority Leader Mitch McConnell (R-KY), and Speaker of the House Kevin McCarthy (R-KY) in 2021.
Anna Moneymaker/Getty Image

economy, politics, Policy, Debt Ceiling, Debt Limit, Default, Janet Yellen

We just got a fresh sign that Biden's plan to give millions of student-loan borrowers who fell behind on payments a shot at debt relief is working

Thu, 02/16/2023 - 13:23

Tech Insider : Economy, Politics

Graduation caps — Students throwing graduation caps.
Getty Images

economy, politics, Policy, Student Debt, Student Loans, Default, delinquencies

The US could run out of money to pay its bills as soon as July if the debt ceiling isn't raised by then, the CBO projects

Wed, 02/15/2023 - 15:32

Tech Insider : Economy, Politics

Biden — President Biden.
AP Photo/Jacquelyn Martin, Pool

economy, politics, Policy, Debt Limit, Debt Ceiling, CBO, Biden

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