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Dissidents’ vote against their party’s own stop-gap measure is blow to House Speaker McCarthy as Saturday budget deadline looms
Report comes as hopes for congressional deal to avert crisis fade
The economy could take a hit in less than a week if hardline Republic holdouts do not strike a deal
Millions will be furloughed in a week’s time if no deal is struck with small group of conservative holdouts
We look at new papers published at the central bankers’ summit in Jackson Hole
Fair enough!
Deepening deficits now make the US one of the most fiscally irresponsible nations
Republicans add measures against abortion, diversity and transgender rights to spending bill
We must prepare — institutionally and politically — for the permanently higher state investments new times require
The sooner America scraps its nonsensical debt ceiling the better
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
Biden and McCarthy agree on terms to raise borrowing limit but must still convince sceptical members of their parties
There is plenty of scope for future governments to get into trouble
Without deep structural reforms, the nation could be exposed as a deadbeat place that can’t put its finances in order
Negotiators hope to finalise a two-year deal in the coming days as default looms
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
President to meet House Speaker McCarthy on Monday as deadline to avoid default approaches
House Speaker McCarthy says negotiators will be ‘back in the room’ after Republican walkout earlier in the day
Cutting Asia-Pacific trip short to avert domestic catastrophe underlines US president’s foreign policy weaknesses
Republicans insist on tougher requirements but progressive Democrats say they will reject any attempt to compromise
Republicans criticise president for travelling to G7 summit in Japan during negotiations
Kevin McCarthy says a deal is possible by the end of the week but cautions there is still ‘a lot of work to do’
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