Washington

House passes GOP debt limit bill, as McCarthy tries to draw Biden into negotiations

WASHINGTON — A Republican bill to raise the debt limit and slash government funding passed the House on Wednesday, after…

GOP debt ceiling bill faces its first test as analysts warn U.S. faces default risk as early as June

WASHINGTON — A House Republican bill to raise the debt limit while dramatically cutting federal spending faces its first test…

New draft of House stablecoin regulation focuses on state regulators, issuers

WASHINGTON — Republicans on the House Financial Services Committee on Monday released a new draft of legislation to regulate stablecoin…

New bipartisan bill would let the U.S. Mint alter the metal content of coins to save money

WASHINGTON — A bipartisan bill to authorize the U.S. Mint to alter the metal content of coins in order to…

Gensler defends SEC’s crypto crackdown in marathon House hearing

WASHINGTON — Securities and Exchange Commission Chairman Gary Gensler faced a barrage of criticism from House Republicans on Tuesday over his…

Biden signs executive order expanding access to dependent care aid as he gears up for 2024 bid

WASHINGTON — President Joe Biden signed an executive order Tuesday that aims to expand access to care for children, the elderly…

Heavy gunfire quickly shatters Sudan truce deal pushed by U.S.

Heavy gunfire shattered a 24-hour truce deal in Sudan on Tuesday shortly after it was due to take effect under…

Fetterman and McConnell return to the Senate, but Feinstein remains in California

WASHINGTON — Senate Minority Leader Mitch McConnell and Democratic Sen. John Fetterman both returned to the Capitol on Monday after…

Fed expects banking crisis to cause a recession this year, minutes show

WASHINGTON – Fallout from the U.S. banking crisis is likely to tilt the economy into recession later this year, according…

UN says more than 8,400 killed in Ukraine since war’s start; more revelations emerge from leaked Pentagon documents

This has been CNBC’s live blog covering updates on the war in Ukraine. [Follow the latest updates here.] Washington is continuing…