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Paul M. Krawzak

The Latest From Paul M. Krawzak
Rep. Jodey C. Arrington, R-Texas, walks down the House steps of the Capitol on May 18.

Arrington sets House budget resolution markup next week

Sen. Elizabeth Warren questions Federal Reserve Chairman Jerome Powell during a Senate Banking Committee hearing on Tuesday.

Debt limit action needed by mid-August, analysts warn

House Budget Chairman Jodey C. Arrington, R-Texas, center, promises to offer "examples" of spending cuts that could be part of a debt limit deal.

Battle lines drawn

Speaker Kevin McCarthy, R-Calif.,is pushing for spending cuts as a price for raising the debt limit.

Debt limit strategy