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The Latest Breaking News from Kevin McCarthy

First Thing: Biden hails debt ceiling deal, prepares Congress sell

President says agreement protects ‘historic economic recovery’. Plus Turkey’s Erdoğan celebrates extending his two decades in power

The Guardian - UK

Biden and McCarthy reach a deal to avoid default. Here's what's in it

While the bill raises the debt ceiling, it also affects a wide range of people by limiting spending and changing guidelines around food stamps and student loans.

WEKU

Two year budget deal to avoid US debt default set for Congress vote

US President Joe Biden has announced that an agreement has been brokered with Republican House Speaker Kevin McCarthy to raise the government's debt ceiling This pivotal piece of legislation, now poised for a vote in Congress, requires a simple majority for its enactment. If passed, it would circumvent an unprecedented…

France 24

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Can high-stakes debt-ceiling brinkmanship in the US lead to unprecedented political unity?

Congress appears to be on the cusp of passing legislation that would not only avoid an unprecedented US government default – and economic catastrophe – but also provide some much-needed political stability in Washington.

The Conversation

Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead

After weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have struck an agreement to avert a potentially devastating government default

The Independent UK

Stock market today: Asian markets mostly higher after Biden-McCarthy deal on US debt

Asian shares are mostly higher after President Joe Biden and House Speaker Kevin McCarthy reached a final agreement on a deal to raise the U.S. national debt ceiling

The Independent UK

Biden and McCarthy tout "historic" debt ceiling deal to a divided Congress

Some conservative Republicans and progressive Democrats have criticized the deal.

Axios

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Biden and McCarthy reach a final deal to avoid U.S. default; now it’s up to Congress

Speaker Kevin McCarthy and President Joe Biden announce a deal to avert a default on June 5. The plan includes spending cuts that could anger some lawmakers.

Chicago Sun-Times

Read: Kevin McCarthy releases text of bill to raise debt ceiling limit and avoid default

Read the bill's text in full here.

Axios

Debt ceiling deal ready for Congress vote: Biden

US President Joe Biden has urged Congress to pass the tentative debt ceiling deal he reached with Republican House Speaker Kevin McCarthy.

The New Daily

Biden, McCarthy reach final deal on debt ceiling days before potential default

With days to spare before a potential first-ever government default, President Joe Biden and House Speaker Kevin McCarthy reached final agreement Sunday on a deal to raise the nation's debt ceiling and worked to ensure enough Republican and Democratic votes to pass the measure in the coming week.

France 24

Biden, McCarthy agree to raise US debt ceiling – what’s in the deal?

Sources reveal discretionary spending cap and changes to the federal food program, among other details

The Guardian - US

Bipartisan debt limit package unveiled as clock ticks toward 'x date' - Roll Call

House GOP leaders released the legislative text of their deal with the White House to suspend the debt ceiling until 2025.

Roll Call

Debt ceiling agreement gets thumbs up from biz groups, jeers from some on political right

The reviews are starting to come in as details emerge about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy

The Independent UK

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Reason

Debt Ceiling Deal Curtails GOP-Backed Budget Cuts, Spending Caps

The deal will freeze non-military discretionary spending this year and allow a 1 percent increase in 2024.

Axios

"Thread the needle": Party leaders sell divergent realities on debt ceiling deal

"Either side bragging too much about their wins scares people and costs votes."

The Conversation

Debt ceiling negotiators reach a deal: 5 essential reads about the tentative accord, brinkmanship and the danger of default

President Joe Biden and House Speaker Kevin McCarthy on May 27, 2023, agreed in principle to a tentative deal that would raise the debt ceiling while capping some federal spending at current levels.

The Guardian - US

The debt ceiling deal isn’t perfect but it’s the only one – and it must pass

What happens from here depends on how many members of the House prefer governing to chaos

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Axios

McCarthy and Biden's debt ceiling plan faces a big test

The stakes are especially high for McCarthy, whose survival as speaker could be at stake.

Salon

Debt ceiling deal slammed as "cruel"

"Hungry people are set to lose food while tax cheats get a free pass"

The Independent UK

AP News Digest 8:40 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.

Evening Standard

Democrats and Republicans agree to raise US debt ceiling

Joe Biden says agreement is ‘a compromise’ but hails it as ‘good news for the American people’

The Independent UK

Debt-ceiling deal: What's in and what's out of the agreement to avert US default

President Joe Biden and House Speaker Kevin McCarthy have reached an agreement in principle on legislation to increase the nation's borrowing authority and avoid a default

The Independent UK

Biden, GOP reach debt-ceiling deal, now Congress must approve it to prevent calamitous default

President Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis

The Independent UK

Debt ceiling tests McCarthy, as GOP speaker rides breezily through fight of his career

Kevin McCarthy was never Washington’s bet to become House speaker

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