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The Latest Breaking News from Kevin McCarthy

Biden signs debt ceiling bill into law, averting default

WASHINGTON - US President Joe Biden on Saturday signed into law a debt ceiling bill passed by Congress after weeks of wrangling, moving to avert a catastrophic, self-induced default in the world's biggest economy.

Bangkok Post

Biden signs debt ceiling bill after months-long standoff, avoiding default

Kevin McCarthy, the House speaker, secured a number of cuts on federal spending, with the borrowing limit suspended until 2025

The Guardian - US

Debt deal imposes new work requirements for food aid and that frustrates many Democrats

Democrats are deeply conflicted about the food aid requirements that President Joe Biden negotiated as part of the debt ceiling deal

The Independent UK

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Biden expected to sign budget deal to raise debt ceiling

President Joe Biden is expected to sign legislation to raise the debt ceiling on Saturday, preventing a potential crisis that would have led to the country's first-ever government default and sent shock waves through the U.S. and global economies

The Independent UK

Joe Biden celebrates a 'crisis averted' in Oval Office address on bipartisan debt ceiling deal

US President Joe Biden declares a "crisis averted" in his first address from the White House's Oval Office, touting the passage of a bill to suspend the US debt ceiling and avoid economic catastrophe.

ABC News

Biden hails averting 'catastrophic' default in Oval Office speech

WASHINGTON - US President Joe Biden told Americans on Friday in a rare Oval Office address that the debt ceiling bill passed by Congress after weeks of wrangling saved the country from "economic collapse."

Bangkok Post

Biden delivers first Oval Office address, touts debt-ceiling win

US President is set to sign into law a bipartisan agreement to lift the government’s borrowing limit, averting ‘crisis’.

Al Jazeera

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Biden praises passage of debt ceiling bill in Oval Office address ahead of signing it

President described how ‘no one got everything they wanted, but the American people got what they needed’ during brief speech

The Guardian - US

Biden calls for national unity as he hails debt limit agreement in Oval Office address

President’s first formal Oval Office address comes as he prepares to sign bipartisan legislation to avert a default on America’s sovereign debt

The Independent UK

Congress created changes to food assistance. Here's what they mean

In an effort to avoid defaulting on the nation's loans, lawmakers created updates to SNAP, the nation's largest food assistance safety net. There are new work requirements as well as exemptions.

WEKU

‘Stumblin’ in’ — Congressional Hits and Misses - Roll Call

Speaker Kevin McCarthy getting the bipartisan debt limit bill passed amid opposition from his own party highlights this Hits and Misses.

Roll Call

Hunter Biden, Second Amendment Warrior?

Plus: Flaws in studies linking teen social media use to depression, debt ceiling deal passes Senate, and more...

Reason

Joe Biden hails ‘big win’ as bipartisan debt ceiling bill reaches his desk

Compromise package to suspend debt ceiling passed US Senate late on Thursday with 63 votes to 36

The Guardian - US

Kevin McCarthy’s victory lap over the debt ceiling bill could end early

Hard-right Freedom Caucus members argued the deal should have enacted deeper spending cuts and shorter borrowing limits

The Guardian - US

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The Independent UK

Debt ceiling news – live: Biden signs debt limit bill after hailing deal in Oval Office address

Bill passed after senators rejected 11 proposed amendments

The Independent UK

AP News Digest 3:05 a.m.

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.

Roll Call

Crisis averted as Senate sends debt limit package to Biden - Roll Call

The Senate cleared a bill that would suspend the statutory $31.4 trillion debt ceiling and impose two years of caps on discretionary spending.

Al Jazeera

Deal to raise debt ceiling passes US Senate, heads to Biden

The vote comes as the US hurtles towards a June 5 deadline to raise the government borrowing limit or face default.

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WEKU

Senate sends debt ceiling legislation to President Biden's desk with days to spare

As the threat of a financial default neared, the Senate approved compromise, bipartisan legislation to lift the debt ceiling with just days to spare.

The Independent UK

'Shrink the room:' How Biden and McCarthy struck a debt-limit deal and staved off a catastrophe

Perhaps most critical to locking up the debt-limit deal were President Joe Biden and House Speaker Kevin McCarthy’s five handpicked negotiators, three men and two women unknown to most outside government

Chicago Sun-Times

Debt ceiling vote: takeaways and how the Illinois congressional delegation voted

When Rep. Jan Schakowsky, D-Ill., was sure there were enough votes to pass the debt ceiling measure, she voted no. But if her vote was needed, she would have been a yes.

The Guardian - US

US debt ceiling deal narrowly passes Senate averting catastrophic federal default

With just days before the 5 June default deadline, president Joe Biden has indicated he will sign the bill as soon as it reaches his desk

Salon

GOP targets Social Security, Medicare

McCarthy intends to announce a bipartisan "commission" to examine ways to cut vital programs

The Independent UK

Underestimated McCarthy emerges from debt deal empowered as speaker, still threatened by far right

House Speaker Kevin McCarthy is nothing if not a political survivor

The Independent UK

Biden and McCarthy’s debt limit deal went through – but there are winners and losers

Student debtors and SNAP recipients will pay a price

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