President Joe Biden and House Speaker Kevin McCarthy are turning to a select group of negotiators to help broker a deal to increase the nation’s borrowing authority and avoid the economic carnage that would ensue if a deal is not reached soon.

Debt ceiling negotiations are locked on a classic problem that has vexed Washington before: Republicans led by House Speaker Kevin McCarthy want to roll back federal government spending, while President Joe Biden and other Democrats do not.

Politicians in Washington may be offering assurance that the government will figure out a way to avert default, but around the country, economic anxiety is rising and some people already are adjusting their routines.

A South Korean company will build a $40 million factory to make heating and cooling systems near a Hyundai Motor Group auto assembly plant in coastal Georgia.

Attorneys general across the U.S. have joined a lawsuit against a telecommunications company accused of making more than 7.5 billion robocalls to people on the national Do Not Call Registry.

Walmart will pay half a million dollars in civil penalties to the state of California over allegations that it was selling and allowing third-party vendors to sell brass knuckles on its website.

The Biden administration has canceled plans to award a $200 million grant to a U.S. battery manufacturer amid criticism from Republican lawmakers over the company’s alleged ties to China.

A fire at an oil refinery in southern Oklahoma has left two people injured, according to CVR Energy, the Sugar Land, Texas-based owner of the facility.

A father and son from Massachusetts have both been sent to prison for running an elaborate lottery fraud scheme designed to enrich themselves and help prize winners avoid paying taxes on their windfall.

Enel North America says it’s planning to invest more than $1 billion and will create about 1,000 new jobs with a new solar cell and panel manufacturing facility in eastern Oklahoma.