Kevin Freking

Stay informed with Kevin Freking’s coverage and analysis for Fortune.

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FILE – House Speaker Kevin McCarthy, R-Calif., walks to the chamber for procedural votes to advance appropriations bills, at the Capitol in Washington, Tuesday night, Sept. 26, 2023. McCarthy is digging in on his refusal to take up Senate legislation designed to keep the federal government fully running beyond midnight Saturday, Sept. 30. (AP Photo/J. Scott Applewhite, File)

House Speaker McCarthy refuses to take up Senate bill to avert government shutdown, virtually guaranteeing one

By Kevin Freking, Stephen Groves, and others

FILE – House Speaker Kevin McCarthy of Calif., speaks at a news conference after the House passed the debt ceiling bill at the Capitol in Washington, May 31, 2023. The bill now goes to the Senate. McCarthy is studying history and considering the appointment of a mix of lawmakers and business leaders to a new commission to tackle the nation’s soaring debt. McCarthy is fresh off his biggest political victory since becoming speaker. He got the White House to agree to a debt limit suspension that also contained some $1.5 trillion in deficit savings. (AP Photo/Jose Luis Magana, File)

Republican House Speaker McCarthy wants a new commission to tackle U.S. debt, but Democrats worry it’s a plan to pursue ‘ideological trophies’

By Kevin Freking and The Associated Press

Senate Majority Leader Chuck Schumer, D-N.Y., speaks to reporters after a hectic series of amendment votes and final passage on the big debt ceiling and budget cuts package, at the Capitol in Washington, Thursday, June 1, 2023. The legislation now goes to President Joe Biden’s desk to become law before the fast-approaching default deadline. (AP Photo/J. Scott Applewhite)

Senate passes Biden-McCarthy debt ceiling deal with just days to spare before U.S. hits default date

By Lisa Mascaro, Kevin Freking, and others

Speaker of the House Kevin McCarthy, R-Calif., walks to the House chamber at the Capitol in Washington, Wednesday, May 31, 2023. as the House moves toward passage of the debt limit bill. (AP Photo/Jose Luis Magana)

The Senate is racing to meet the looming debt ceiling deadline before a catastrophic default as they vow to ‘keep working until the job is done’

By Lisa Mascaro, Kevin Freking, and others

House Speaker Kevin McCarthy of R-Calif., speaks as House Minority Whip Rep. Steve Scalise, R.La., left, and Rep. Patrick McHenry, R-N.C., listen at a news conference after the House passed the debt ceiling bill at the Capitol in Washington, Wednesday, May 31, 2023. The bill now goes to the Senate. (AP Photo/Jose Luis Magana)

The Biden-McCarthy debt ceiling deal that no one liked sails through the House, leaving the Senate as the final hurdle

By Lisa Mascaro, Kevin Freking, and others

Rep. Scott Perry, R-Pa., left, and Rep. Chip Roy, R-Texas, speak with reporters as member of the conservative House Freedom Caucus talk about the debt limit deal, during a news conference, Tuesday, May 30, 2023, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)

Biden and House Speaker McCarthy scramble for votes as debt ceiling deal comes down to the wire

By Lisa Mascaro, Kevin Freking, and others

FILE – Rep. Chip Roy, R-Texas, speaks to reporters at the Capitol in Washington, Tuesday, May 23, 2023. Roy, a member of the conservative House Freedom Caucus, has blasted the tentative debt deal struck by Speaker Kevin McCarthy, R-Calif., and President Joe Biden and says he will try to stop it in the House. (AP Photo/J. Scott Applewhite, File)

Debt ceiling agreement gets cheers from business, but conservative Republicans hate it

By Kevin Freking and The Associated Press

House Speaker Kevin McCarthy

Debt ceiling deal: What’s in, what’s out

By Kevin Freking, Farnoush Amiri, and others

House Speaker Kevin McCarthy talks after reaching a debt deal with Biden.

Congress has just days to approve a Biden-McCarthy debt-ceiling deal and avoid calamity: ‘I’ll debate this bill with anybody’

By Lisa Mascaro, Mary Clare Jalonick, and others

Joe Biden

Biden and McCarthy have a debt ceiling ‘agreement in principle’

By Lisa Mascaro, Mary Clare Jalonick, and others

Joe Biden

Biden ‘optimistic’ on debt ceiling deal as Yellen warns of default days away

By Lisa Mascaro, Seung Min Kim, and others

US House Speaker Kevin McCarthy (R-CA) (L) looks on as US President Joe Biden speaks during a meeting on the debt ceiling

Joe Biden and Kevin McCarthy are ‘dug in’ on opposing debt ceiling positions with deadline looming

By Lisa Mascaro, Seung Min Kim, and others

Kevin McCarthy

Kevin McCarthy vows to work ’24/7′ on a debt ceiling solution but House Republicans are about to take a Friday-Monday long weekend

By Lisa Mascaro, Stephen Groves, and others

FILE – Rep. Garret Graves, R-La., a key legislator working on the debt ceiling bill for House Speaker Kevin McCarthy, walks past the chamber at the Capitol in Washington, Wednesday, April 26, 2023. A top debt ceiling negotiator for McCarthy said Friday, May 19, that it’s time to “press pause” on talks as negotiations with the White House came to an abrupt standstill at the Capitol. Graves, who was tapped by McCarthy to lead talks, emerged from the hour-long session saying there remain gaps between the House Republicans and the Democratic administration. (AP Photo/J. Scott Applewhite, File)

The GOP’s top debt limit negotiator says it’s time to ‘press pause’ on talks despite the looming deadline that could end in catastrophe

By Kevin Freking, Lisa Mascaro, and others

WASHINGTON, DC – MAY 16: U.S. Rep. Garret Graves (R-LA) speaks to reporters as he laves a House Republican caucus meeting at the U.S. Capitol on May 16, 2023 in Washington, DC. President Biden and congressional lawmakers continue to work on a deal to raise the debt ceiling ahead of the June 1 deadline, when U.S. Treasury Secretary Janet Yellen warned Congress that the United States would default on their debts. (Photo by Kevin Dietsch/Getty Images)

Meet the 4 negotiators doing the real work in the debt limit fight and whose dealmaking may usher in economic stability—or chaos

By Seung Min Kim, Kevin Freking, and others