Erik Wasson

Stay informed with Erik Wasson’s coverage and analysis for Fortune.

Bridgewater Associates Founder & Co-Chairman/Co-CIO Ray Dalio speaks onstage during TechCrunch Disrupt San Francisco 2019 at Moscone Convention Center on October 02, 2019 in San Francisco, California.

Dalio warns GOP of ‘dire’ debt as lawmakers weigh tax cuts

By Erik Wasson and Bloomberg

Huawei’s licenses to buy chips from Qualcomm and Intel revoked as U.S. further tightens export restrictions

By MacKenzie Hawkins, Erik Wasson, and others

WASHINGTON, DC – MAY 28: U.S. House Minority Leader Rep. Kevin McCarthy (R-CA) speaks during a weekly news conference May 28, 2020 on Capitol Hill in Washington, DC. McCarthy held news conference to fill questions from members of the press. (Photo by Alex Wong/Getty Images)

House Speaker McCarthy wants Biden to accept a 8% spending cut and a border wall to avert a government shutdown

By Erik Wasson, Billy House, and others

Representative Jim Jordan, a Republican from Ohio and ranking member of the House Judiciary Committee, right, speaks with Representative Dan Bishop, a Republican from North Carolina, left, during a markup of “Protecting Our Kids Act” in Washington, D.C., US, on Thursday, June 2, 2022. The markup comes following another mass shooting Wednesday where four people were killed at a Tulsa medical building on a hospital campus. Photographer: Al Drago/Bloomberg via Getty Images

Hard-line Republicans are threatening to take their revenge and oust House Speaker McCarthy after he brokered a debt ceiling deal

By Billy House, Erik Wasson, and others

Janet Yellen, US Treasury secretary, speaks

Janet Yellen warns that ‘time is running out’ to avert an economic catastrophe from hitting the debt ceiling

By Viktoria Dendrinou, Erik Wasson, and others

WASHINGTON, DC – APRIL 19: Speaker of the House Kevin McCarthy (R-CA) is surrounded by reporters after he leaves the House Floor to return to his office at the U.S. Capitol on Wednesday, April 19, 2023 in Washington, DC. McCarthy delivered remarks on the House floor, accounting the GOP’s debt limit bill, which they call the Limit, Save, Grow Act. (Kent Nishimura / Los Angeles Times via Getty Images)

Kevin McCarthy says ‘we will pass’ GOP debt-limit bill this week, dodges question on whether he’s secured 218 Republican votes

By Erik Wasson and Bloomberg

George Santos

Kevin McCarthy is struggling to get House Republicans behind his debt ceiling bill

By Billy House, Erik Wasson, and others

WASHINGTON, DC – JANUARY 20: House Minority Leader Kevin McCarthy (R-CA) attends a House Republican Conference news conference as members pack the stage on Capitol Hill on Thursday, Jan. 20, 2022 in Washington, DC. (Kent Nishimura / Los Angeles Times via Getty Images)

Kevin McCarthy is elected House speaker after a historic 4 days of Republican infighting

By Billy House, Erik Wasson, and others

WASHINGTON, DC – AUGUST 07: Sen. Joe Manchin (D-WV) departs from the Senate side of the U.S. Capitol Building after a series of amendment votes, also called “vote-a-rama, on the Inflation Reduct Act at the U.S. Capitol on Sunday, Aug. 7, 2022 in Washington, DC. (Kent Nishimura / Los Angeles Times via Getty Images)

Here are the winners and losers from Democrats’ climate change and tax bill

By Laura Davison, Erik Wasson, and others

Senator Joe Manchin

Joe Manchin tests positive for COVID-19

By Erik Wasson and Bloomberg

U.S. President Joe Biden speaks during the holiday celebration for the Democratic National Committee (DNC) at the Hotel Washington in Washington, D.C., U.S., on Tuesday, Dec. 14, 2021. The District of Columbia sued the Proud Boys and the Oath Keepers right-wing groups for allegedly conspiring to terrorize the U.S. Capitol on Jan. 6, when a mob of former president Trump’s supporters tried to stop the certification of Biden’s election victory. Photographer: Oliver Contreras/Sipa/Bloomberg

Biden’s $2 trillion spending bill delayed to 2022 amid infighting among Democrats

By Laura Litvan, Erik Wasson, and others

Speaker of the House Nancy Pelosi (D-CA) holds her weekly news conference in the Capitol Visitors Center at the U.S. Capitol building on October 28, 2021 in Washington, DC.

Nancy Pelosi insists Biden’s $1.75 trillion reconciliation plan can be ‘resolved by the end of the day’

By Billy House, Erik Wasson, and others

Senate Minority Leader Mitch McConnell, a Republican from Kentucky, center, speaks during a news conference following Senate Republican Policy Luncheons at the U.S. Capitol in Washington, D.C., U.S., on Tuesday, Oct. 5, 2021. The Senate majority leader set up a procedural vote this week on legislation to suspend the debt ceiling that Republicans have vowed to block, raising questions about whether lawmakers can avert a federal default later this month. Photographer: Stefani Reynolds/Bloomberg via Getty Images

Mitch McConnell expected to offer short-term deal to raise debt ceiling

By Erik Wasson and Bloomberg

WASHINGTON, DC – SEPTEMBER 14: Sen. Joe Manchin (D-WV) talks to members of the media as he walks to a Democratic policy luncheon at the U.S. Capitol on September 14, 2021 in Washington, DC. Congress is working on a final passage of the $3.5 trillion reconciliation package. (Photo by Kevin Dietsch/Getty Images)

Democrat infighting risks delaying Biden’s ambitious tax and health care plans

By Laura Litvan, Erik Wasson, and others

WASHINGTON, DC – AUGUST 10: U.S. Sen. Joe Manchin (D-WV) is surrounded by reporters as he walks through the basement of the U.S. Capitol Building on August 10, 2021 in Washington, DC. The Senate voted 69-30 to pass the $1 trillion infrastructure bill today before moving on to budgetary resolutions. (Photo by Samuel Corum/Getty Images)

Democrats slash Biden corporate tax rate to 26.5% to appeal to pro-business moderates

By Kaustuv Basu, Billy House, and others