US debt ceiling row: Moody’s Analytics has estimated that a default of no longer than a week would lead to the loss of 1.5 million jobs.
A budget deal would unlock a separate vote to lift the debt ceiling, now $31 trillion, to allow more borrowing to pay bills already incurred.
After four days of gruelling ballots, McCarthy flipped more than a dozen conservative holdouts to become supporters, including the chairman of the chamber’s Freedom Caucus.
Needing 218 votes in the full House, McCarthy got just 203 in two rounds - less even than Democrat Hakeem Jeffries in the GOP-controlled chamber - and fared even worse with 202 in round three.
US: In a spirited speech on the House floor, Pelosi announced that she will step aside after leading Democrats for nearly 20 years and in the aftermath of the brutal attack on her husband, Paul, last month in their San Francisco home.
Washington : US Republican House Speaker John Boehner said Sunday that the lower chamber would not pass bills to end government shutdown or raise debt limit until President Barack Obama chooses to negotiate."There are not
Gandhinagar, Mar 30: Gujarat Chief Minister Narendra Modi on Friday interacted with former US House Speaker Newton Leroy Gingrich through video-conferencing."He (Gingrich) talked about his pro-growth policies and what we can learn from his (Modi's)
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