Lawmakers pressure McCarthy once again on stock trading ban: 'You have not acted on your promise'

Tech Insider : Politics
House Speaker Kevin McCarthy at the Capitol on July 14, 2023.
House Speaker Kevin McCarthy at the Capitol on July 14, 2023.

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A US debt default will have 'unquantifiable' adverse consequences and unthinkable long-term implications, Wall Street experts warn

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US stocks edged lower on Tuesday as more Wall Street banks reported mixed earnings
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Biden finally met with top lawmakers to discuss a debt ceiling solution — but McCarthy says there wasn't 'any new movement' as a catastrophic default inches closer

Tech Insider : Economy, Politics
Congressional leaders meet on debt ceiling
US President Joe Biden meets with US Speaker of the House Kevin McCarthy, House Minority Leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell in the Oval Office of the White House in Washington, DC, on May 9, 2023. Biden and Republican leaders met in hopes of breaking an impasse over the US debt limit.

This debt-ceiling fight is different — and it means we could actually default this time

Tech Insider : Economy, Politics
Biden McCarthy
President Joe Biden walking past House Speaker Kevin McCarthy at a luncheon in March.

AP Photo/Alex Brandon

A recession is more likely under the Republican debt-ceiling plan, Moody's chief economist warns

Tech Insider : Economy
Kevin McCarthy
House Speaker Kevin McCarthy

AP Photo/Alex Brandon, File

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

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Kevin McCarthy and a gas stove
Kevin McCarthy wants to save the gas stoves.

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Biden will threaten Social Security and Medicare and 'bumble into the first default in our nation's history' if he doesn't negotiate raising the debt ceiling with Republicans, Kevin McCarthy says

Tech Insider : Economy, Politics
Kevin McCarthy
House Speaker Kevin McCarthy holds the speaker's gavel high after winning election as speaker of the House early Saturday morning.

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Marjorie Taylor Greene adds defunding ongoing DOJ Trump investigations to list of hard-right demands to avoid fiscal crisis

Tech Insider : Politics
Republican Rep. Marjorie Taylor Greene of Georgia outside the Capitol in January 2023.
Republican Rep. Marjorie Taylor Greene of Georgia outside the Capitol in January 2023.

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Speaker McCarthy gave Fox's Tucker Carlson exclusive access to 41,000 hours of Jan. 6 riot tapes: report

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Tucker Carlson.
Tucker Carlson.

Fox News/YouTube.

House Democrats pressure Kevin McCarthy to keep his promise on stock trade ban after they were burned by Pelosi

Tech Insider : Politics
House Speaker Kevin McCarthy has voiced support for a stock trade ban on a number of occasions, but has yet to get into specifics.
House Speaker Kevin McCarthy has voiced support for a stock trade ban on a number of occasions, but has yet to get into specifics.

Kent Nishimura / Los Angeles Times via Getty Images

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