What Is a Ceiling in Finance? A ceiling in finance is the maximum permitted level in a financial transaction. The term can be applied to a variety of factors such as interest rates, loan balances, ...

President Biden and Speaker Kevin McCarthy (R-Calif.) reached an agreement in principle late Saturday to cap spending and raise the debt ceiling in an effort to avoid a potentially disastrous ...

This week marks the biggest test yet for the speakership of House Speaker Kevin McCarthy, R-Calif. McCarthy needs to show that he can keep his members together to approve the Republican version of a ...

The Senate voted Wednesday to avert at least one chronic Washington political crisis for more than a year. With a snowstorm bearing down on the capital, it approved a House-passed measure that allows ...

The House passed the debt ceiling bill Wednesday night just days ahead of the June 5 deadline to avoid a catastrophic U.S. default. McCarthy suggests he'll push for more cuts and work requirements now ...

What Is a Price Ceiling? A price ceiling is the maximum amount a seller is permitted to charge for a product or service. It is usually set by law and is typically applied to staples such as food and ...

After House Speaker Kevin McCarthy briefed House Republicans on the outlines of a bill to raise the debt ceiling in exchange for spending cuts and policy changes, lawmakers emerged seeking more ...

Speaker Kevin McCarthy made a plea to House Republicans during a closed-door meeting Tuesday morning to back his debt ceiling plan, telling them that although it doesn’t have to include everything ...