We use cookies and other data for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.
Add this topic to your myFT Digest for news straight to your inbox
Dissidents’ vote against their party’s own stop-gap measure is blow to House Speaker McCarthy as Saturday budget deadline looms
Democrats warn that Republican efforts to block more support will devastate Ukrainian war effort
Republican House Speaker hopes new inquiry will save his job — and tarnish the US president
Kevin McCarthy has been under pressure from Trump allies to launch probe into president
Republicans add measures against abortion, diversity and transgender rights to spending bill
Congressman withstood fierce internal resistance from hardline Republicans to lock up bipartisan deal
Republican Speaker Kevin McCarthy secures bipartisan support to send legislation to the Senate
Leaders rush to shore up support after hardline Republicans express misgivings
Centrists in both parties back agreement to raise borrowing limit despite opposition of hardliners
Time is running out to convince sceptical lawmakers to pass bill to raise borrowing limit
President accepts a compromise that could anger some Democrats in the hope of avoiding economic calamity
Biden and McCarthy agree on terms to raise borrowing limit but must still convince sceptical members of their parties
New estimate of default date provides lawmakers with a little more breathing room as they attempt to reach a deal
House Speaker has kept his party behind him so far, but pressure has grown as deadline for a potential default nears
Republican Speaker tries to reassure investors they have nothing to fear as deadline for potential default approaches
Janet Yellen warns it is ‘highly likely’ the US will be unable to pay its bills by early June without action
President to meet House Speaker McCarthy on Monday as deadline to avoid default approaches
House Speaker can ‘see the path’ to reach an agreement and avoid a potential national default
Congressional Budget Office report piles pressure on political negotiators to agree a deal on raising debt ceiling
Republican House speaker’s comments come as meeting between political leaders to discuss crisis is postponed
First meeting with leaders fails to yield a breakthrough with weeks to go before country breaches borrowing limit
Biden refuses Republican preconditions for raising $31tn borrowing cap ahead of White House talks
Also, Ukraine is set to rain on Russia’s Victory Day parades, and Turkey goes to the polls for a crucial election
Passage of law will do little to break stalemate with White House
House speaker’s bill would raise US borrowing limit but require Democrats to roll back White House priorities
UK Edition