The Hitchhiker’s Guide to McCarthy’s debt ceiling plan
Fox News
House Speaker Kevin McCarthy must keep his members together to approve the Republican version of a debt ceiling plan, a potentially significant win for the Californian Republican.
Passage of the bill would mark a significant win for the California Republican. McCarthy would show he could keep his narrow majority and pass a big piece of legislation. But the political chits McCarthy banks with a prospective win are not equivalent to the points he could lose if Republicans struggle to pass the bill. Chad Pergram currently serves as a senior congressional correspondent for FOX News Channel (FNC). He joined the network in September 2007 and is based out of Washington, D.C.
A stumble would represent a major loss for McCarthy. Moreover, failure by Republicans to move their own plan could rattle the markets and send an ominous signal about what to expect later this summer as the sides fight over the debt ceiling.
President Biden remains on the sidelines for now. Even some Democrats question the wisdom of that – especially considering how close the nation is creeping to a still unknown debt ceiling deadline. It is generally believed the date will hit sooner rather than later – meaning early to mid-June. That’s because the early read is that receipts for this tax season are down as well as revenue from capital gains. There is also increasing jitteriness about "credit default swaps." That’s where the cost of insuring against potential losses in U.S. Treasuries is beginning to be a factor.
A committee vote on advancing the confirmation of FBI director nominee Kash Patel has officially been delayed to next week after Senate Democrats demanded a second hearing.
A nonpartisan election integrity group has released its annual report warning of critical changes that need to be made in order to ensure free and fair elections.
A group of neighbors chased down a man suspected of starting a fire Monday afternoon near the Chatsworth Reservoir in Los Angeles.
The Senate is expected to vote on the nomination of Russell Vought to lead the Office of Management and Budget after Democrats are likely to hold the floor for 30 hours.
Secretary of State Marco Rubio assumed another role in the Trump administration, acting director of the U.S. Archives. He is also acting director of USAID.
President Donald Trump's appointment of Gail Slater as head of the Antitrust Division of the Justice Department will challenge Big Tech.
First on Fox: A nonprofit public advocacy group that focuses on health care and aligns with Democrats targets House Republicans as part of what it touts as its $10 million 'Hands Off Medicaid" campaign
Comedian Amber Ruffin discussed headlining the upcoming White House Correspondents' Association Dinner on CNN’s “The Lead with Jake Tapper" on Wednesday.
In a staff memo obtained by Fox News Digital, Politico chiefs denied they are a 'beneficiary of government programs' as the White House vows to cancel federal payments to the outlet.
It's President Reagan's birthday. He's one of two US leaders who worked to Make America Great Again. President Trump shares that role, along with a devotion to the nation and its people.
Federal Communication Commission Chairman Brendan Carr told Fox News Digital he's perplexed by CBS News' handling of the transcript of its "60 Minutes" interview with Kamala Harris.
Mexico has started deploying National Guard and Army soldiers to its border with the U.S. in accordance with the 10,000 troops it promised to send under a deal made with Trump to avoid a trade war.
I introduced the No Congressional Funds for Sanctuary Cities Act. It will prevent funding from being allocated to sanctuary cities that hinder immigration enforcement efforts.