Kevin McCarthy

U.S. Treasury Secretary Janet Yellen said in an Associated Press interview Saturday she expects Congress will ultimately vote to raise America's debt limit, but demands by House Republicans for spending cuts in return for backing an increase are "a very irresponsible thing to do" and risk creating a "self-imposed calamity" for the global economy.

Kevin McCarthy has emerged as the 55th Speaker of the US House of Representatives on Saturday after winning a historic battle that quelled a rebellion in the midnight hour on Saturday, The Hill reported.

Republican favorite Kevin McCarthy was named speaker of the US House of Representatives on Jan. 7 as he quelled a fierce rebellion among his party's ranks that had paralyzed the lower chamber of Congress for days.

The Republican-led US House of Representatives remained locked in a damaging stalemate Thursday as it was forced to adjourn after failing to elect a speaker for a third straight day.

The deeply riven US House of Representatives was engulfed in crisis for a second day running Wednesday as fresh rounds of voting failed to produce a winner in the race for speaker.

The new US Congress was plunged into disarray Tuesday as renegade right-wing Republicans blocked favorite Kevin McCarthy from becoming speaker of the House of Representatives in a series of humiliating votes seen as a rebuke to the party establishment.

Former Trump advisers Peter Navarro and Dan Scavino were held in contempt of Congress for their monthlong refusal to comply with subpoenas rendered by the House committee's investigation into the Jan. 6 attack on the U.S. Capitol.

President Joe Biden on May 28 proposed a $6 trillion budget to "reimagine" the U.S. economy and stave off Chinese competition, though driving the United States into record debt - and with Congress first needing to give approval.

Announcing the proposed spending, Biden said a post-pandemic United States "cannot afford to simply return to the way things were before."

Donald Trump met with US House Minority Leader Kevin McCarthy in Florida on Jan. 28 amid a tug of war over the Republican Party's future, with congressional leadership appearing eager to present a united front with the former president.

The inauguration ceremony called "United America" will not resemble previous inaugurations, because the organizers and local authorities in Washington called on Americans not to come but to follow the ceremony online in their homes.
Security in Washington will be strengthened while the Pentagon announced that it will send 20.000 National Guard soldiers.