The Latest Breaking News from Kevin McCarthy

House adjourned for holiday weekend but lawmakers could be recalled to vote on deal if agreement is reached. Plus, why men lose their friends – and how they can make more

Stock futures edge lower as traders eye debt deal reports; Fed inflation gauge in focus as rate hike bets quicken; Costco lower after Q3 earnings miss on muted big ticket spending; U.S. Banks cut Fed borrowing, balance sheet shrinks and Debt ceiling deal nears as Biden, McCarthy focus on spending…

Asian markets have turned mostly higher as a deadline looms for Congress to reach a deal on the U.S. government debt or face a potentially damaging default

Days from a deadline, President Joe Biden and House Speaker Kevin McCarthy are narrowing in on a two-year budget deal that could unlock a vote for lifting the nation’s debt ceiling

Lawmakers are not expected back in Washington until Tuesday, two days before Treasury Secretary Janet Yellen predicts the U.S. won’t have funds to pay its bills.

US President Joe Biden and top Republican Kevin McCarthy are reportedly inching closer to a deal over the US debt ceiling.

WASHINGTON — Debt limit negotiations on Thursday morning had the feel of a deal starting to come together, with no in-person meetings scheduled but both sides working through various options in advance of the long holiday weekend.

WASHINGTON — “Congress must act.”

WASHINGTON — Political calculations and concerns about legislative precedent within Congress and the White House have brought the government within a week of potentially failing to pay all of its debt obligations.

Billionaire Mike Cannon-Brookes has claimed control of the controversial Sun Cable solar export project in the Northern Territory, while NSW and Victoria enter a "retail recession" according to analysts. Look back on the day's financial news and events as they happened with our blog.

House adjourned for holiday weekend, but lawmakers could be recalled to vote on deal if agreement is reached