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The Latest Breaking News from Kevin McCarthy

NZ's beef with critical US debt ceiling debate

Exporters are nervously watching a key vote in the US Congress that will determine whether the world's biggest economy defaults on its debts. Jonathan Milne reports.

Newsroom.co.nz

Social Security and Medicare Are Ticking Time Bombs

Even taking all the money from every billionaire wouldn't cover our coming bankruptcy.

Reason

Anti-poverty groups and progressives blast work requirements for aid to poor Americans in debt ceiling deal

‘We shouldn’t be playing politics with programs that help Americans meet their basic needs’

The Independent UK

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House Democrats fracture on debt ceiling vote

“Fair to say that Chip Roy also spoke for most Democrats when he called the deal a ‘turd sandwich.'"

Axios

House Republican majority cut by one after shock resignation of congressman

Representative Chris Stewart is expected to say he will leave Congress by year’s end

The Independent UK

Watch: House Minority Leader Hakeem Jeffries holds press conference ahead of debt ceiling vote

Watch as Hakeem Jeffries, minority leader of the House of Representatives, and other Democrats hold a news conference ahead of a vote on the US debt ceiling on Wednesday evening (31 May).

The Independent UK

Debt limit rule adopted after Democrats ride to rescue - Roll Call

The House adopted a rule for the debt ceiling bill after Democrats flooded in to keep the measure on track at the last minute.

Roll Call

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MAGA threatens McCarthy's speakership

Growing number of House Republicans threaten to use McCarthy's key concession to become speaker to remove him

Salon

How does US debt rank compared with the rest of the world?

The United States has the world’s largest national debt at $31.4 trillion.

Al Jazeera

House to vote on McCarthy-Biden compromise debt deal, a key test for speaker

Lawmakers are working against the clock to avert an unprecedented debt default. The Treasury Department has said the U.S. could run out of money to pay its bills as soon as June 5.

WEKU

CBO says debt ceiling deal would cut deficits by $1.5 trillion over the next decade

Congressional forecasters say the debt ceiling deal struck by President Biden and House Speaker Kevin McCarthy over the weekend would reduce deficits by about $1.5 trillion over the next decade.

WEKU

Default averted, lesson left unlearned

If Democrats don't abolish this monstrous terrorist weapon the next time they get a trifecta, it'll be unforgivable

Salon

Debt bill's pipeline provision puts Democrats in a tight spot - Roll Call

House Democrats typically vocal on climate issues were noncommittal when asked how they will vote on the debt limit bill.

Roll Call

Debt ceiling news – live: House votes to approve McCarthy-Biden deal as opposition collapses

Bill passed House Rules Committee on Tuesday despite Republican rebellion

The Independent UK

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The Guardian - UK

First Thing: Debt ceiling deal clears first hurdle and advances for debate

The committee voted 7-6 to allow debate by the full chamber with expected vote on passage today. Plus, the downfall of Elizabeth Holmes

Roll Call

Debt bill dissatisfaction threatens deeper GOP rift - Roll Call

Ahead of debt limit bill action, opponents are warning the break in GOP unity could reverberate beyond the Wednesday night vote.

The Guardian - US

US debt ceiling: Republican hard-right vows to ‘do everything in our power’ to oppose bill

Freedom caucus denounces House leader Kevin McCarthy’s deal with Joe Biden to raise the debt ceiling before the default deadline

Axios

McCarthy's magic number on the debt ceiling deal

The number of votes the bill gets from each party could signal who made the better deal.

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Bangkok Post

Deal averting US default clears first hurdle

WASHINGTON: A deal to raise the US debt ceiling passed its first major test in Congress on Tuesday, surviving a crucial procedural vote amid a conservative backlash that resurrected the threat of the country's first-ever default.

France 24

Tesla CEO Elon Musk visits China amid increased tensions with US

Elon Musk, Chief Executive of Tesla, is making a visit to China this week. As the electric vehicle company's second-largest market and a crucial player in its supply chain, the country holds significant importance for Tesla. After a meeting with the Chinese foreign minister, Musk was reported to have expressed…

Businessweek

Republicans Hail Big Spending Cuts That Economists Say Will Have Little Impact on the Economy

Analysts taking the measure of the debt-ceiling pact call it modest.

The Independent UK

Asian stocks sink before US Congress votes on deal to avoid debt default

Asian stock markets are lower ahead of a vote by Congress on a deal to avert a government debt default while China factory activity weakened

The Independent UK

Ahead of House debt ceiling vote, Biden shores up Democrats and McCarthy scrambles for GOP support

Hard-fought to the end, the debt ceiling and budget cuts package is heading toward a crucial U.S. House vote

The Independent UK

Changes to food aid in debt bill would cost money, far from savings GOP envisioned

A Republican attempt to expand work requirements for federal food aid in debt legislation moving through Congress would increase federal spending by $2.1 billion over 10 years — far from the cuts GOP lawmakers had envisioned

The Independent UK

Culture wars, parenting and tiptoeing around Trump: Five takeaways from Ron DeSantis’s 2024 launch

Florida governor rolls into first caucus state to launch 2024 bid against Trump

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