Kevin McCarthy

Rambling above the rust-colored cliffs of the Palos Verdes Peninsula, the Terranea Resort is known for its ocean views, world-ranked spa and villas that can command $3,000 a night or more.The property is less well known as a gathering spot…

By Kevin Freking, Lisa Mascaro and Zeke Miller | Associated Press WASHINGTON — Debt limit talks came to an abrupt standstill Friday after Republican House Speaker Kevin McCarthy said it’s time to “pause” negotiations, and a White House…

Biden says U.S. will not default on debt…

With the White House and House leadership less than two weeks away from a default deadline on the country’s debt, anxiety is rising over the potential impact on federal programs such as Medicaid and the beneficiaries who depend on it.…

Crucial debt ceiling negotiations are still far from success, but a deal is possible by the end of the week, Republican House Speaker Kevin McCarthy said after a brief meeting Tuesday with U.S. President Joe Biden and other…

Experts are growing increasingly frantic amid fears America could default for the first time ever – which would send major shockwaves across the globe.The nation is running out of cash, and tense negotiations are currently underway in…

U.S. President Joe Biden sought to calm global financial market jitters on the looming debt limit weeks before the nation is at risk of defaulting on its financial obligations for the first time in history. Biden met Tuesday afternoon with…

Canada’s federal government was watching closely and saying little Tuesday as a high-stakes race against the clock got underway in earnest at the White House, with the health of the global economy hanging in the balance. President Joe…

President Joe Biden next week will meet with the Democratic and Republican leaders of the House and Senate in an effort to avoid a catastrophic default on the nation's debts, which could occur in as little as one month. The United States…

U.S. Treasury Secretary Janet Yellen notified Congress on Monday that the U.S. could default on its debt as early as June 1, if legislators do not raise or suspend the nation’s borrowing authority before then and avert what could…