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The Latest Breaking News from Joe Biden

What is the US debt ceiling? How does it affect the economy? Could Australia be impacted?

The United States is rapidly running out of money to pay its bills unless the Republicans and Democrats can agree on a new deal. Here's how the US got here, and what it means for Australia.

ABC News

At Hiroshima G7, bomb survivors grapple with a disarmament dream deferred

The last time a U.S. president visited Hiroshima, atomic bomb survivor Shigeaki Mori was filled with hope for a future without nuclear weapons. Seven years later, he's more sceptical.

Reuters

Biden cancels Australia and Papua New Guinea visit as debt limit crisis looms

President, who will still visit Japan for G7 summit, hosts new talks with congressional leaders

The Guardian - US

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Greg Abbott asked other governors for help patrolling the Texas-Mexico border. Ron DeSantis answered the call.

Although border encounters have fallen since Title 42 ended Thursday, Texas’ top Republican asks for “all available law enforcement personnel and resources.”

The Texas Tribune

Senate votes to block 2nd DC crime law; Biden veto expected

The Senate has voted to overturn a District of Columbia law enacted last year to improve police accountability, the second time this year that Democrats have joined with Republicans to try and block the district’s crime regulations

The Independent UK

MP questions referendum wording – as it happened

This blog is now closed.

The Guardian - AU

Australia PM says govt talking with Japan, India on Quad meet after Biden cancels visit

Australian Prime Minister Anthony Albanese said on Wednesday his government was in talks with the prime ministers of Japan and India after U.S. President Joe Biden postponed his trip to Australia to attend a Quad leaders' meeting.

Reuters

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Biden agrees to direct debt ceiling talks with House GOP

"It is possible to get a deal by the end of the week," said McCarthy.

Axios

Morning Mail: cost of tax cuts to soar, Biden cancels Australia visit, call to regulate AI

Income earners in top 20% set to scoop $227.6bn of total $313.1bn benefit; president to focus on domestic political deadlock due to US debt

The Guardian - AU

Stocks Undercut as Little Progress is seen in U.S. Debt Ceiling Talks

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.63%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -1.01%, and the Nasdaq 100 Index ($IU ) (QQQ ) closed up +0.09%. Stock indexes Tuesday settled mixed, with the Dow Jones...

Barchart

OpenAI CEO calls for regulation at US Senate hearing

The head of OpenAI, the company behind ChatGPT, has testified in US Congress for the first time. Sam Altman called on lawmakers to regulate artificial intelligence. The hearing comes as European lawmakers are working on a new law, the AI Act, to regulate the technology. Plus, US President Joe Biden…

France 24

Gavin Newsom presidential run is ‘no-brainer’, Arnold Schwarzenegger says

Actor who earned the nickname ‘governator’ based on his roles in the Terminator films ran the golden state for eight years from 2003

The Guardian - US

What to expect as the US continues with debt ceiling negotiations

Republican lawmakers continue to insist on cuts to social programmes as US debt default looms on the horizon.

Al Jazeera

Biden administration clarifies 1872 Mining Law; says Nevada lithium mine can proceed

The Biden administration says it has completed a court-ordered review that should ensure construction continues at a Nevada lithium mine, despite legal challenges brought by conservationists and tribal leaders

The Independent UK

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The Independent UK

Biden’s trip abroad in limbo as leaders scramble to avoid debt default

Mr Biden may nix travel to Australia and Papua New Guinea so he can be present for negotiations over raising the government’s statutory debt limit

The Independent UK

Biden cancels planned visit to Australia, Papua New Guinea to focus on debt limit talks

President Joe Biden has decided to curtail an upcoming visit to the Indo-Pacific to focus on the debt limit standoff at home

WEKU

Biden administration announces nearly $11B for renewable energy in rural communities

Agriculture Secretary Tom said it was the largest single federal investment in rural electrification since President Franklin D. Roosevelt signed the Rural Electrification Act in 1936.

Axios

Biden shortening overseas trip ahead of debt ceiling deadline

Biden will miss the first-ever visit to Papua New Guinea by a U.S. president.

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The Independent UK

Watch: Kevin McCarthy holds press conference after talks with Joe Biden over debt ceiling standoff

Watch House speaker Kevin McCarthy hold a press conference after a behind-closed-doors meeting between Joe Biden and congressional leaders about the US debt ceiling.

Salon

Fox host calls out Lahren for Biden slam

Lahren downplayed the threat of white supremacy after Biden's speech

Roll Call

Debt limit talks pared down to proxies for Biden, McCarthy - Roll Call

President Joe Biden and Speaker Kevin McCarthy on Tuesday tapped proxies to negotiate directly over how to increase the debt limit.

Reuters

Biden cancels Australia visit as debt ceiling default nears

An unfolding crisis over the U.S. debt ceiling prompted President Joe Biden on Tuesday to postpone plans to visit Papua New Guinea and Australia, cutting short an upcoming Asia trip so he can return to Washington.

Newcastle Herald

Stockton's erosion fix should be more straightforward

HOW many government departments does it take to shovel sand?

The Independent UK

Biden vetoes bid by Congress to reinstate tariffs on solar panel imports from SE Asia

President Joe Biden has vetoed a congressional resolution that would have reinstated tariffs on solar panel imports from Southeast Asia

The Conversation

War rooms and bailouts: How banks and the Fed are preparing for a US default – and the chaos expected to follow

Convening war rooms, planning speedy bailouts and raising house-on-fire alarm bells: Those are a few of the ways the biggest banks and financial regulators are preparing for a potential default on U.S. debt.

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