Debt ceiling negotiations updates between Biden, McCarthy

WASHINGTON — House Speaker Kevin McCarthy said Wednesday that negotiations over raising the U.S. debt limit were progressing toward a deal despite disaagreements over spending, with only eight days before the government could face an unprecedented default. “I wouldn’t scare the markets in any shape or form,” McCarthy said on Fox Business after negotiators broke

G-7 leaders agree on approach to ‘de-risk’ from China

Chinese President Xi Jinping and hands with then U.S Vice President Joe Biden inside the Great Hall of the People on December 4, 2013 in Beijing, China. Lintao Zhang | Getty Images News | Getty Images Leaders of the Group of Seven agreed there’s a need to de-risk, not decouple from China, and acknowledged challenges