Debt Limit Showdown Looms as White House Braces for a Divided Washington

Debt Limit Showdown Looms as White House Braces for a Divided Washington

G.O.P. threats to leverage the full faith and credit of the United States to force spending cuts have raised alarm about a debt showdown next year — and talks about how to head one off in the coming weeks.
Exxon and Chevron Rack Up Giant Profits

Exxon and Chevron Rack Up Giant Profits

Exxon Mobil and Chevron reported another round of strong profits. But they face political fire over gasoline prices, even as they fear a new downturn.