McCarthy had all but invited himself to the White House to start the conversation before a summer debt deadline.
| AP and Scripps News Staff
The Fed's latest move will likely further raise both the costs of many consumer and business loans and the risk of a recession.
| AP
President Biden will visit the aging Baltimore and Potomac Tunnel that's slated to be replaced with help from bipartisan infrastructure legislation.
| AP
The president's first major economic address this year comes as the White House and Congress remain at odds over increasing the debt ceiling.
Democrats are pushing to raise the debt ceiling — now at $31T —to allow more borrowing, while Republicans are countering with proposed spending cuts.
| AP and Scripps News Staff
The U.S. has never hit the cap on how much money it can borrow before, and experts say it would have "catastrophic" economic consequences if it does.
The $1.7 trillion spending bill finances federal agencies through September and provides more aid to Ukraine. It now heads to President Biden.
| AP
Some lawmakers are trying to sneak a version of the expanded child tax credit back into law by including it in the federal budget.
The Federal Reserve is expected to impose more rate hikes next year than it had previously forecast to combat the worst inflation in 40 years.
| AP
President Biden signed the measure Friday after it was approved Thursday by the Senate and Wednesday by the House.
| AP and Scripps News Staff
Treasury chief Jeremy Hunt imposed $65 billion in tax increases and spending cuts as the U.K. looks to put its finances on a sustainable path.
| AP
Some stakeholders say the U.S. government needs to increase production and expand leasing to oil drilling to avoid a diesel shortage.
The Fed's move raised its key short-term rate to its highest level in 15 years.
| AP
New York City employers now must disclose salary ranges for every job posting, promotion and transfer opportunity.
Twenty states have or will dole out financial relief to certain residents. Find out if your state is sending out stimulus money and who is eligible.
The expense of college with the cost of living is pushing some students into homelessness.
The Eighth Circuit Court of Appeals issued the stay Friday evening, temporarily blocking the Biden administration's loan forgiveness program.
| AP and Stephanie Sandoval
The U.S. has its highest credit card debt in more than 20 years, as daily consumer prices continue to rise.
All seven tax bracket levels will be revised upwards in 2023, allowing filers to shield more of their money from taxes.
President Joe Biden will open to the door to more oil reserves this winter to keep prices down, while the strategic reserve hits a low.
| AP
A Bloomberg prediction says a recession is 100% certain, while other economists say spending and market factors are evidence against that theory.
European markets were also broadly higher, and most Asian markets gained ground after a volatile week that closed with most major indexes in the red.
| AP
In a new survey, economists predict a 63% chance of a recession in the next 12 months, up from 49% in July.
President Biden's comments are an unusual criticism by a U.S. president of the domestic policy decisions of one of its closest allies.
| AP
Some people fear their rent may increase as it is calculated based on their income.
Speaking in Los Angeles, President Joe Biden argued the consumer price index report showed progress but that there is work to be done.
If experts' predictions are accurate, it would be the biggest jump since 1981 — adding an extra $146 per month to the average payment.
Democratic candidates are facing relentless criticism from Republicans who want to make the election a referendum on the president's performance.
| AP
Gas prices are on the come up again, and in states like California, drivers are starting to really feel the pinch.
Many Americans have been asking for years for the government to cancel student loan debt, but why is it happening now?
Right now, the expectation is the adjustment in 2023 will be 8.7%. That's according to the Senior Citizens League.
Federal Reserve Bank of San Francisco President and CEO Mary C. Daly discusses the state of the U.S. economy.
| Scripps News Staff
A rare 3% drop in monthly premiums is likely to be paired with a historically high cost-of-living increase for millions of Social Security recipients.
| AP and Scripps News Staff
Advocacy group Pacific Legal Foundation filed the lawsuit, arguing that the White House's debt cancellation plan was not approved by Congress.
| Scripps News Staff and AP
