Kevin McCarthy

US Economy

US's debt-ceiling crisis is over but the debt crisis remains

Maybe the most surprising aspect of the debt-ceiling increase is that it passed Congress easily, says Yglesias.

US debt-limit deal sets up tough battle for passage in Congress

A time-consuming, last-minute revision or a failure on the House floor risks a market dive.

Key takeaways from deal Biden, GOP sealed to avert US default

The agreement came just days before the Treasury is projected to run out of cash on June 5.