Elizabeth Elkind

Yellen has sent Congress several warnings that the Treasury will run out of cash to pay all of the government's obligations in early June

Rep. Garret Graves of Louisiana said negotiators for House Republicans and the White House have identified what their biggest differences are.

House Speaker Kevin McCarthy indicated he was not worried about a letter from House conservatives demanding that he not compromise on provisions included in debt ceiling increase legislation they had passed.

Rep. Alexandria Ocasio-Cortez, D-N.Y., on Thursday blamed Sens. Joe Manchin, D-W.Va., and Kyrsten Sinema, I-Ariz., for Democrats’ failure to raise the debt limit last year before losing the House majority to Republicans.

House Speaker Kevin McCarthy told reporters that negotiators worked well past midnight in order to try to reach an agreement and claimed some progress in the talks.

Hakeem Jeffries, D-N.Y., argued Wednesday that Republicans want to "crash the economy" to help former President Donald Trump win back the White House in 2024.

House Speaker Kevin McCarthy, R-Calif., told reporters he was confident the U.S. would not default, but suggested the blame would be on President Biden if it did.

House Speaker Kevin McCarthy told Republican lawmakers during a closed-door meeting that the White House was "dug in" on spending and tax increase demands.

Speaker McCarthy met with President Biden for roughly an hour and a half on Monday night in a push to get a debt ceiling deal with just 10 days left.