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The Latest Breaking News from Joe Biden

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

Many U.S. experts agree: Time for peace

There are signs that Zelenskyy is running out of time and options. Waiting longer to negotiate is a big mistake

Salon

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Debt ceiling talks enter make-or-break phase

With less than two weeks to go before a potential debt default.

Axios

US and Papua New Guinea sign defence agreement

United States Secretary of State Antony Blinken has signed a defence co-operation agreement with Papua New Guinea

The New Daily

Biden to resume in-person negotiations on lifting US debt ceiling

US President Joe Biden is meeting with Republican House Speaker Kevin McCarthy this Monday, resuming talks on raising the government's borrowing limit. Washington has until June 1 to reach a deal before the government runs out of money to pay its bills, which would send shockwaves through the US economy…

France 24

US and Papua New Guinea sign pact amid Pacific militarisation concerns

Concerns security deal could leave Papua New Guinea stuck between increasingly hostile US and China

The Guardian - UK

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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

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

As the only Black Republican senator, Tim Scott pushed issues others in his party stayed away from, such as policing changes.

Roll Call

First Thing: US debt ceiling talks ‘productive’ as Biden and McCarthy to meet

Sunday night phone call between president and Republican House speaker reported to have struck a more positive tone. Plus, how solar farms took over the California desert

The Guardian - UK

Climate economy pact ushers in new era for Aussie firms

Unleashing investment in critical minerals and rare earths and generating hydrogen production credits, Australia will become a domestic supplier under US law.

AAP

‘The world stands with Ukraine’: Joe Biden makes fresh declaration of support for Kyiv after G7

‘Together, with the entire G7, we have Ukraine’s back’ says the US president

Evening Standard

Editorial: New York City is moving forward with congestion pricing. Los Angeles should be next

The Biden administration this month gave New York City the green light to move forward with the nation’s first congestion pricing system that would charge motorists a toll to drive into the city’s central business district.

Los Angeles Times

Doyle McManus: Debt ceiling negotiations were hard when Biden was vice president. They're even harder now

For a brief moment last week, it was possible to imagine that President Joe Biden and House Speaker Kevin McCarthy had found a patch of common ground in their standoff over the federal debt ceiling.

Los Angeles Times

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Chicago Tribune

Commentary: By avoiding funding Alzheimer’s research, the government is cutting seniors’ life spans

Millions of patients and their caregivers breathed a collective sigh of relief when drugmaker Eli Lilly recently announced its new experimental Alzheimer’s medication appears to slow cognitive decline by 35%. The Food and Drug Administration could approve the new treatment, donanemab, as soon as this year.

Tribune News Service

Editorial: Uncommon valor: Heroes of the NYPD and FDNY show why they are the Finest and the Bravest

New York’s uniformed public servants are rightly under the microscope for the way they use force, the overtime they accrue and so on; with the power of the job comes responsibility and scrutiny. But we don’t often enough stand back and collectively appreciate the plain, simple and essential fact that…

Tribune News Service

John M. Crisp: A President Harris might even be good for our republic

If an increasingly possible scenario develops—a 2024 rematch between President Joe Biden and former President Donald Trump—age will be an issue. But not just Biden’s.

The Hindu

PM Modi leaves for Australia after concluding Papua New Guinea visit

Prime Minister Narendra Modi left for Australia on the third and final leg of his three-nation tour after concluding his visit to Papua New Guinea where he co-hosted the first FIPIC summit and met leaders from the Pacific Island nations to boost bilateral ties.

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The Guardian - UK

Micron shares drop after China bars its chips; UK house asking prices jump – as it happened

Micron products will be banned from key infrastructure projects in China due to ‘serious network security risks’

The Independent UK

AP News Digest 3 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan.

The Conversation

The US could default on June 1 owing to gridlock over the debt limit; Biden vs Trump polls are close

The United States debt limit is a legislative limit on the overall debt the US government can incur. As the US keeps running budget deficits, the debt keeps increasing. Congress could deal with this permanently by either repealing the debt limit, or increasing it to a very large number.

The Independent UK

3 Palestinians killed in Israeli raid in occupied West Bank; US slams latest settlement expansion

Palestinian officials say 3 Palestinians were killed in an Israeli army raid in a West Bank refugee camp

The New Daily

Assange’s life in Australian government’s hands: Wife

Stella Assange pleaded for the Australian government to end the incarceration of her husband, Julian Assange, as an important test of press freedom.

AAP

Assange's life in Australian government's hands: wife

Stella Assange pleaded for the Australian government to end the incarceration of her husband, Julian Assange, as an important test of press freedom.

The Guardian - AU

Bakhmut at ‘epicentre’ of combat, Kyiv says; Putin aware of claim ‘saboteurs’ attempted to enter Belgorod – as it happened

Kyiv says Russia carrying out airstrikes on Bakhmut; Russian state-owned media says Putin informed of claim Ukrainian forces attempted to infiltrate Belgorod region

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