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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
US House Speaker accuses Biden of not being “sensible” and risking plunging the federal government into default
Leader tells Kevin McCarthy the ‘urgency of keeping the beacon of freedom shining cannot be understated’
China threatens to retaliate over encounter it views as a ‘provocation’
Two sides agree on California venue after Taipei raises concerns
Unlike his 1950s forebear, Kevin McCarthy has no known beliefs
President and House Speaker remain at odds over how to avoid default after first face-to-face meeting
Could this be the year political reality catches up to our economy?
Some question whether US lawmaker gave away too much to secure support of hardline rebels
International Edition