JIM TANKERSLEY

The president and his negotiators believe they worked out a deal that allowed Republicans to claim big spending cuts even as the reality was far...

Negotiations to prevent a government default reaffirmed that the big drivers of future deficits are all off the table in a divided Washington.

With low unemployment and above-trend inflation, the economy is well positioned to absorb the modest budget cuts that President Biden and Republicans negotiated.

President Biden has offered to freeze discretionary spending, including for defense. Republicans want to spend more for the military, and cut more elsewhere.

Negotiators have focused on a relatively small corner of the budget, shunning new revenues or cuts to the fastest-growing programs

Group of 7 leaders are prepared to celebrate the results of a novel effort to stabilize global oil markets and punish Moscow.

The decision to delay Friday’s expected meeting to next week was cast as a positive development, one that could allow officials to find agreement before...

After making little progress with Republican leaders at the White House on Tuesday, the president previewed two possible endgames to resolve a debt-limit standoff.

As the president prepares to meet with Speaker Kevin McCarthy this week, his budget shares little common ground with spending and tax proposals from House...

The president has not wavered in his calls for Republicans to raise the nation’s borrowing limit without condition. Privately, his aides have discussed other paths.