mccarthy

Biden: President Biden signs debt ceiling bill that pulls US back from brink of unprecedented default

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WASHINGTON: With just two days to spare, President Joe Biden signed legislation on Saturday that lifts the nation’s debt ceiling, averting an unprecedented default on the federal government’s debt.The White House announced the signing, done in private at the White House, in an emailed statement in which Biden thanked congressional leaders for their partnership.The Treasury … Read more

Kevin McCarthy elected Republican US house speaker, but at a cost

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WASHINGTON: Republican Kevin McCarthy was elected speaker of the US house of Representatives early on Saturday, after making extensive concessions to a group of right-wing hardliners that raised questions about the party’s ability to govern.The 57-year-old Californian suffered one final humiliation when Representative Matt Gaetz withheld his vote on the 14th ballot as midnight approached, … Read more