The Latest Breaking News from Hakeem Jeffries

Fast action is vital if Washington is to meet next Monday’s deadline when Treasury has said the U.S. will start running short of cash to pay its bills, risking a devastating default.

After sailing through the House on a bipartisan vote, the debt ceiling and budget cuts package now goes to the Senate

“Fair to say that Chip Roy also spoke for most Democrats when he called the deal a ‘turd sandwich.'"

Growing number of House Republicans threaten to use McCarthy's key concession to become speaker to remove him

Lawmakers are working against the clock to avert an unprecedented debt default. The Treasury Department has said the U.S. could run out of money to pay its bills as soon as June 5.

Freedom caucus denounces House leader Kevin McCarthy’s deal with Joe Biden to raise the debt ceiling before the default deadline

Hard-fought to the end, the debt ceiling and budget cuts package is heading toward a crucial U.S. House vote

Speaker Kevin McCarthy and President Joe Biden announce a deal to avert a default on June 5. The plan includes spending cuts that could anger some lawmakers.

With days to spare before a potential first-ever government default, President Joe Biden and House Speaker Kevin McCarthy reached final agreement Sunday on a deal to raise the nation's debt ceiling and worked to ensure enough Republican and Democratic votes to pass the measure in the coming week.