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The Latest Breaking News from Joe Biden

Biden takes swipe at ‘wealthy tax cheats and crypto traders’ on final day of G7 summit

The U.S. president spoke in reference to ongoing debt-ceiling negotiations between Republicans and Democrats.

Fortune

Tim Scott, Senate’s sole Black Republican, launches 2024 bid: ‘America is not a nation in decline’

The South Carolina Republican faces an uphill battle

The Independent UK

Latest in Ukraine: Zelenskyy scores F-16 training, as Russia claims to take Bakhmut

Catch up on key developments and the latest in-depth coverage of Russia's invasion of Ukraine.

WEKU

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US states agree breakthrough deal to prevent Colorado River from drying up

‘Huge lift’ as California, Arizona and Nevada agree with US government to take about 13% less water from drought-stricken river

The Guardian - US

McCarthy says debt limit deal with Biden possible - Roll Call

Speaker Kevin McCarthy said key decisions could be made by the two parties’ chief debt limit negotiators when they meet on Monday evening.

Roll Call

How big a deal is US and Australian cooperation on climate and energy?

Joe Biden and Anthony Albanese have flagged a joint push to boost action on the two issues but at this stage much of the work is yet to be fleshed out

The Guardian - AU

Markets Today: Stocks Mixed as Debt Ceiling Negotiations Continue

Morning Markets U.S. stock indexes this morning are mixed. The S&P 500 Index ( $SPX ) ( SPY ) is up +0.10%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is down -0.27%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is up +0.41%....

Barchart

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At Mexico's southern border, the migrant flow is undeterred

CIUDAD HIDALGO, Mexico — Dawn had barely illuminated the turbid waters of the Rio Suchiate at the border with Guatemala when the boatmen — plunging long poles in the muck to propel their vessels — began to transport their daily load: a polyglot contingent of migrants from across the globe.…

Los Angeles Times

Russia-Ukraine war at a glance: what we know on day 453 of the invasion

Fighting has broken out on Russia’s border with Ukraine in an apparent incursion by partisan forces; Russian-imposed Donetsk leader Denis Pushilin says demining is being carried out in Bakhmut

The Guardian - AU

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

Biden, McCarthy will attempt to salvage debt limit deal

President Joe Biden and Speaker Kevin McCarthy plan to meet Monday afternoon to discuss how to raise the debt limit after a weekend of negotiations by proxies left each side accusing the other of throwing up new roadblocks to a deal.

Tribune News Service

Five things to know about Tim Scott’s record in Congress

Sen. Tim Scott’s appearance at Charleston Southern University on Monday is billed only as a “major announcement,” but his presidential exploratory committee has already filed to change its name to “Tim Scott for America,” launched a $6 million ad campaign and announced plans to visit Iowa and New Hampshire later…

Tribune News Service

Tim Scott says ‘I’m running for president of the United States’ in announcement speech – as it happened

South Carolina senator makes speech referencing work and immigration as he announces campaign to run for Republican nomination in 2024 race

The Guardian - US

Germany's Scholz publicly backs Biden over Trump for re-election

German Chancellor Olaf Scholz on Monday said he prefers U.S. President Joe Biden to his predecessor, Donald Trump, and hoped Biden would be re-elected for a second term in office.

Reuters

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Barchart

Markets Today: Stocks Slightly Higher as Debt Ceiling Negotiations Continue

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.10%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.04%. U.S. stock index futures this morning are slightly higher. M&A activity today is lifting the overall market after Chevron agreed to buy PDC Energy for...

Zenger

Oil Prices On The Brink Of Surging As Debt Default Looms

Debt ceiling talks between the White House and Congress as the stock market plunges and the oil prices increases.

Barchart

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.

The Guardian - US

Tim Scott to enter 2024 race for US Republican presidential nomination

Republican US senator expected to wade into battle so far dominated by Donald Trump and Ron DeSantis

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Fortune

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.

The New Daily

Controversy dogs Donald Trump Jr’s upcoming tour

Australians have called for Donald Trump Jr to be banned from entering the country, ahead of his speaking tour.

Reuters

Analysis-G7's nuanced pledge to 'de-risk' from China reflected concerns from Europe and Japan

The leaders of the Group of Seven (G7) rich democracies this weekend pledged to "de-risk" without "decoupling" from China, an approach that reflected European and Japanese concerns about pushing Beijing too hard, officials and experts said.

Reason

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.

The Guardian - US

America’s big shift to green energy has a woolly mammoth problem

Transmission lines in the US need to be increased threefold, but faces pushback from fossil conservation and green groups

The Guardian - US

Marianne Williamson: ‘You don’t even know what misogyny is until you’ve been a woman running for president’

In second presidential bid, Williamson is running a more grounded campaign – as a political outsider appalled at how America’s political elites have ignored the needs of ordinary people

ABC News

United States and Papua New Guinea strengthen defence ties with new security agreement, details still to be made public

US Secretary of State Antony Blinken signs a Defence Cooperation Agreement between the United States and PNG, a leaked draft of which suggests it might open the door to a substantial US military presence in the country, as well as potentially offering American personnel in PNG some protection from prosecution.

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