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The Latest Breaking News from Kevin McCarthy

Biden, McCarthy edge closer to deal on US debt ceiling

US President Joe Biden and top Republican Kevin McCarthy are reportedly inching closer to a deal over the US debt ceiling.

The New Daily

Asian markets mostly rise on US debt ceiling optimism

Hong Kong (AFP) - Hopes that lawmakers are edging closer to a deal to hike the US debt ceiling lifted spirits in Asia on Friday, though traders remain nervous as a deadline to avert a calamitous default draws closer.

AFP

Hopeful tone pervades debt ceiling talks ahead of long weekend

WASHINGTON — Debt limit negotiations on Thursday morning had the feel of a deal starting to come together, with no in-person meetings scheduled but both sides working through various options in advance of the long holiday weekend.

Tribune News Service

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Analysis: No longer a ‘broken record,’ White House throws a few elbows with debt messaging

WASHINGTON — “Congress must act.”

Tribune News Service

Leadership dynamics explain why there’s still no debt limit deal

WASHINGTON — Political calculations and concerns about legislative precedent within Congress and the White House have brought the government within a week of potentially failing to pay all of its debt obligations.

Tribune News Service

Mike Cannon-Brookes wins control of Sun Cable project over Andrew 'Twiggy' Forrest, ASX suffers worst weekly performance in two months — as it happened

Billionaire Mike Cannon-Brookes has claimed control of the controversial Sun Cable solar export project in the Northern Territory, while NSW and Victoria enter a "retail recession" according to analysts. Look back on the day's financial news and events as they happened with our blog.

ABC News

Debt ceiling deal within sight as Biden and Republicans continue to negotiate

House adjourned for holiday weekend, but lawmakers could be recalled to vote on deal if agreement is reached

The Guardian - US

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US debt crisis: Biden vows 'no default'

Washington (AFP) - President Joe Biden declared Thursday the United States would avoid a disastrous credit default even as lawmakers went on a 10-day break without a deal on raising the nation's borrowing limit to keep paying the bills.

AFP

Leadership dynamics explain why there’s still no debt limit deal - Roll Call

Political calculations and concerns about legislative precedent have brought the government to within a week of a potential debt default.

Roll Call

US lawmakers take break as catastrophic default looms

Washington (AFP) - US lawmakers were set to embark on a 10-day break Thursday, despite failing to agree on raising the nation's borrowing limit to avert a looming default that could blow up the economy while they are away.

AFP

No longer a 'broken record,' White House throws a few elbows with debt messaging - Roll Call

After sounding like an admitted 'broken record' on the debt talks, the White House is sounding a sharper tone about House Republicans.

Roll Call

US lawmakers head home as catastrophic default looms

AFP

Markets struggle but tech shares soar over AI

London (AFP) - Global stock markets wobbled Thursday as the US debt standoff dragged on and Germany entered recession, but tech shares surged after US chip firm Nvidia reported bumper earnings thanks to the AI boom.

AFP

Parties moving closer on debt ceiling deal as talks drag on - Roll Call

Negotiators working to hash out a deal to raise the debt limit were getting closer to agreement late Thursday.

Roll Call

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Salon

Joe Biden: On the brink of doom

I've never seen a president this bad at communicating his agenda. If he loses to Trump, it'll be his own damn fault

AFP

Markets struggle on German recession, US debt woes

London (AFP) - Global stock markets struggled Thursday following news that Europe's biggest economy Germany has entered recession, and after Fitch warned that the US debt standoff could threaten its gold-plated credit rating.

The Street

Stocks Mixed, Nvidia Soars, Costco Earnings Up Next, Best Buy In Focus, Fitch Rating Warning - 5 Things To Know

Stock futures mixed as ai boosts tech, debt worries clip Dow; Nvidia shares soar as AI powers blowout earnings, outlook; Costco earnings on deck as April sales show modest rebound; Best Buy earnings in focus as retailer shifts focus online and Fitch puts U.S. credit rating on notice as debt…

Axios

Democrats are dreading a potential debt ceiling deal

"Democrats know they will have to eat a turd sandwich," one House Democrat told Axios.

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Barchart

Stocks Climb Before the Open as Investors Await Key U.S. GDP Data, Nvidia Results Boost Sentiment

June S&P 500 futures (ESM23) are up +0.63%, and June Nasdaq 100 E-Mini futures (NQM23) are up +1.74% this morning after three major U.S. benchmark indices finished the regular session in the red as talks between the White House and Republican representatives on raising the U.S. debt ceiling ended without…

WEKU

Biden is counting on Shalanda Young to cut a spending deal Republicans can live with

Biden is leaning on Young's experience negotiating on Capitol Hill to help him find a way to cut through the raw politics of Washington and find an agreement to lift the debt ceiling.

The Guardian - UK

First Thing: Tributes paid to ‘queen of rock and soul’ Tina Turner

Stars including Mick Jagger, Elton John and Diana Ross pay tribute to the singer who has died at 83. Plus, how the invasion of Ukraine ‘has fuelled funding boom for clean energy’

Tribune News Service

Bice ponders family leave bill as she juggles multiple priorities

Stephanie Bice is a busy woman. She sits on four committees — double the usual most House members get — represents the class of 2020 on the Republican leadership team, and is the vice chair of the Republican Main Street Caucus. Oh, and she’s chairing a subcommittee with a modest…

The Independent UK

AP News Digest 3:45 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.

AFP

US House Speaker Kevin McCarthy emerges as chief Biden antagonist

Washington (AFP) - Kevin McCarthy barely survived a bruising battle in January to become the 55th speaker of the House of Representatives, quelling a right-wing revolt in his Republican Party to achieve his lifelong dream.

The Independent UK

McCarthy's Republicans push debt ceiling talks to brink, lawmakers leaving town for weekend

House Republicans are pushing debt ceiling talks to the brink

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