If an agreement is not reached by December 9, the world's largest economy could see nearly 7,000 freight trains grind to a halt, at a cost of more than $2 billion a day, according to the American Association of Railroads.
In his first major appearance since announcing his intention to run again in 2024, ex-US leader Donald Trump says "Republican Party is a much bigger and more powerful party than it was before I got there."
Nancy Pelosi, longtime leader of Democrats in Washington and a master strategist as House speaker, says she will stand down when Republicans take over the chamber in January.
President Joe Biden congratulates his Republican opponents for winning control of the US House of Representatives and says he was willing to work with them and serve the American people.
Ex-US president says "America's comeback starts right now" as he announces he will run for president in 2024 at his Mar-a-Lago estate in Florida state.
Democratic Senator Catherine Cortez Masto wins re-election in Nevada state, Edison Research projects, in a victory that guarantees the Senate will be controlled by Democrats in 2023.
Control of Senate may come down to Nevada, where a slow ballot count entered its final act in the nail-biter contest between Democratic Senator Catherine Cortez Masto and Republican challenger Adam Laxalt.
Conservative Rupert Murdoch's media criticises ex-US president Donald Trump for making Republicans underperform in the midterm elections.
Buoyed by election results, Democratic strategists say President Joe Biden should run for re-election but exit polls show two-thirds of voters, including 43 percent of Democrats, prefer Biden not seek re-election.
Counting in midterm elections is nearing completion, and if the Democrats lose control of either the House or the Senate, Republican lawmakers could block President Joe Biden's agenda for the next two years.
President Joe Biden calls midterms a "good day" for democracy and appeals for political unity after elections in which his Democratic Party looks set to narrowly lose control of the House of Representatives.
This year, all 435 seats in the US House of Representatives, as well as 35 seats in the Senate are being contested.
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