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The Latest Breaking News from Janet Yellen

Ron DeSantis ‘to announce presidential run on Twitter with Elon Musk’ – as it happened

Florida governor reportedly to officially announce campaign on platform; McCarthy says debt deal possibly by 1 June

The Guardian - US

Debt ceiling explained: Why it’s a struggle in Washington and how the impasse could end

House Speaker Kevin McCarthy says his team and the White House have had ‘productive’ discussions to avert a default on U.S. debt days before the June 1 deadline.

Chicago Sun-Times

Biden and McCarthy hold debt ceiling talks but no deal yet as deadline looms

Republican speaker says he and president had ‘productive’ discussion but that ‘the time of just spending more money is wrong’

The Guardian - US

From analysis to the latest developments in health,
read the most diverse news in one place.

Biden and McCarthy resume talks as US debt ceiling deadline looms

Their meeting comes as US Treasury Secretary Janet Yellen issues third letter in three weeks, warning of a June default.

Al Jazeera

Yellen triples down on debt ceiling deadline

President Biden and Speaker McCarthy are scheduled to meet tonight.

Axios

Debt ceiling showdowns aren’t new – but this time gonzo Republicans are ready to blow up the economy

Republicans like Marjorie Taylor Greene and nihilists like Trump are more committed to gaining power than to cutting the government debt

The Guardian - US

Stocks Set to Open Higher as Investors Await FOMC Minutes, U.S. Debt-Ceiling Talks in Focus

June S&P 500 futures (ESM23) are up +0.09%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.12% this morning as market participants continued to monitor U.S. debt-ceiling negotiations while awaiting the release of the Fed’s favorite inflation gauge and the minutes of the Federal Reserve’s latest policy meeting.

Barchart

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Goldman Sachs estimates Janet Yellen has two more weeks before running out of cash

The U.S. government's cash reserves are dwindling, and soon the Treasury will have to flood the market with over half a trillion dollars in new IOUs.

Fortune

Worried About the Debt Fight? Make the Hard Spending Decisions That Politicians Won't!

The debt ceiling isn’t the issue; excessive federal spending is the real problem.

Reason

Stocks Set to Open Lower as Investors Await FOMC Minutes, U.S. Debt-Ceiling Talks in Focus

June S&P 500 futures (ESM23) are down -0.03%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.14% this morning as market participants continued to monitor U.S. debt-ceiling negotiations while awaiting the release of the Fed’s favorite inflation gauge and the minutes of the Federal Reserve’s latest policy meeting.

Barchart

Stocks Set to Open Mixed as Investors Await FOMC Minutes, U.S. Debt-Ceiling Talks in Focus

June S&P 500 futures (ESM23) are down -0.03%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.01% this morning as market participants continued to monitor U.S. debt-ceiling negotiations while awaiting the release of the Fed’s favorite inflation gauge and the minutes of the Federal Reserve’s latest policy meeting.

Barchart

Biden and McCarthy say debt limit meeting was productive but it ends without a deal

The two leaders met in person Monday at the White House after a "productive" phone call on Sunday about the debt ceiling. The U.S. could run out of money to pay its bills as early as June 1.

WEKU

Debt ceiling explained: Why it's a struggle in Washington and how the impasse could end

President Joe Biden and House Speaker Kevin McCarthy are to meet face to face on Monday after a weekend of on again, off again negotiations over raising the nation’s debt ceiling

The Independent UK

Biden and McCarthy to resume talks Monday as debt ceiling deadline looms

United States expected to hit default deadline on 1 June

The Independent UK

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Tribune News Service

Biden, McCarthy to meet Monday, as staff debt-limit talks resume

Debt-limit negotiators resumed discussions in Washington ahead of a meeting on Monday between President Joe Biden and House Speaker Kevin McCarthy, as time grows short to avert a U.S. default.

Salon

No deal on debt ceiling hike

"DOJ can and SHOULD admit that the plaintiff is right," one political observer said of NAGE's case

The Guardian - US

A US debt default could crush small businesses. So what can we do?

It sounds obvious, but it’s a fact that my very best small-business clients are always thinking ahead

Fortune

The high-stakes debt ceiling fight could be a $12 trillion blow to the American economy: Here are 3 disasters a default would trigger

Janet Yellen has warned that defaulting on the debt would be a "catastrophe," but do you really know what that means?

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news in one place.

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Fortune

The ‘dysfunctional’ debt ceiling fight could cause a $12 trillion blow to the American economy if Washington doesn’t get its act together

There have been 78 debt ceiling deals since 1960 and zero failures. Could this time really be different?

Kiplinger

Stock Market Today: Stocks Turn Lower Amid Debt Ceiling Setback

The major indexes swung lower Friday after lawmakers reached an impasse in debt ceiling negotiations.

Axios

Scoop: Janet Yellen’s private debt ceiling warning to Wall Street

Behind closed doors, Yellen says borrowing costs are already rising.

The Guardian - UK

Tesco chair steps down after allegations of inappropriate behaviour; Rishi Sunak and Akshata Murty lost £200m in a year – as it happened

John Allan to stand down after allegations of inappropriate behaviour, while latest Sunday Times rich list shows first fall in the number of billionaires since financial crisis

France 24

G7 leaders discuss China 'economic coercion' threat

Leaders from the Group of Seven wealthy democracies are meeting in Hiroshima, Japan, Friday with Ukrainian President Volodymyr Zelensky expected to join the group in person on Sunday.

The Independent UK

G7 stance on China complicated by huge stakes in economic ties, cooperation on global issues

Leaders of the Group of Seven advanced economies are generally united in voicing concern about China

The Independent UK

Why a government default could be worse than a government shutdown

All the hand-wringing over a potential government default if Congress doesn’t increase the national debt limit has conjured up images of past government shutdowns

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