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The Latest Breaking News from Kevin McCarthy

Asian markets sink as US debt talks stall

Hong Kong (AFP) - Asian markets tracked losses in Wall Street on Wednesday as investors grow increasingly concerned about stalled US debt ceiling talks to avert a painful default.

AFP

McCarthy, Rep. Graves signal impasse in White House debt talks

WASHINGTON — Speaker Kevin McCarthy left the U.S. Capitol late Tuesday afternoon saying the two parties had yet to reach a deal to avert a first-ever U.S. default, and a top lieutenant said there are no more meetings planned.

Tribune News Service

Marjorie Taylor Greene wins ChapStick used by House Speaker Kevin McCarthy for $100K at GOP auction as debt ceiling crisis drags on

Republican campaign leaders on Tuesday auctioned off a ChapStick used by House Speaker Kevin McCarthy — and scored $100,000 from winner Rep. Marjorie Taylor Greene.

Tribune News Service

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Unsettled US debt talks weigh on global stocks

New York (AFP) - Wall Street stocks tumbled Tuesday on increased fears over a potential US debt default after the latest round of negotiations failed to produce a breakthrough.

AFP

W. House touts 'movement' on debt after latest talks

Washington (AFP) - The White House says some progress was made in the latest round of talks with Republican negotiators to avert a catastrophic US debt default before a June 1 deadline.

AFP

Marjorie Taylor Greene pays $100k for chapstick used by Kevin McCarthy

‘They doing this insane chapstick s*** while the country teeters on default. Wild,’ Ilhan Omar tweets

The Independent UK

Another day, another pause in debt ceiling negotiations - Roll Call

Debt limit talks broke down again Tuesday as negotiators described disagreements over spending levels and other policy add-ons.

Roll Call

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Biden, McCarthy stay positive though debt deal remains elusive

WASHINGTON — House Speaker Kevin McCarthy told Republicans Tuesday that debt limit talks still have some distance to go and pleaded with them to stay united on the party’s demands for spending cuts to avert a U.S. default.

Tribune News Service

Debt ceiling talks grind on, but Republicans say there's a 'lack of urgency' from White House

Debt ceiling negotiators for President Joe Biden and House Speaker Kevin McCarthy are holed up again at the Capitol

The Independent UK

Appropriators face close votes on spending bills in committee - Roll Call

Rep. Steve Womack said Tuesday that lining up support from GOP panel members for appropriations markups remains “a work in progress.”

Roll Call

US debt talks to resume after 'productive' Biden-McCarthy meeting

Washington (AFP) - Negotiations to avert a catastrophic US debt default look set to go to the wire, with talks resuming Tuesday after President Joe Biden and the Republican speaker of the House failed to reach agreement ahead of a June 1 deadline.

AFP

Wide gulf between debt limit negotiators as time grows short - Roll Call

With just nine days left before the government may not be able to pay all its bills, GOP negotiators said zero progress is being made.

Roll Call

Ron DeSantis ‘to announce presidential run on Twitter with Elon Musk’ – as it happened

Florida governor reportedly to officially announce campaign on platform; McCarthy says debt deal possibly by 1 June

The Guardian - US

A debt default would be catastrophic for the US – and Biden’s re-election chances

If Democrats believe they can win the ‘messaging wars’ about a default, they’re deluded. Republicans win either way

The Guardian - US

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Investors Business Daily

Dow Jones Falls 150 Points After Biden-McCarthy Meeting; Lowe's Rallies On Earnings

The Dow Jones fell Tuesday after President Biden and House Speaker Kevin McCarthy failed to reach a deal at their debt ceiling meeting.

The Guardian - UK

First Thing: Biden and McCarthy hold ‘productive’ debt talks but no deal reached

If debt limit not raised, the US will default on its bills. Plus, the issue with DeSantis’s $13.5m police relocation program

The Street

Stock Futures Mixed After Biden-McCarthy Meeting; Lowe's Q1 Report; Tesla, Shell and Yelp -- 5 Things to Know

Stock futures mixed after Biden and McCarthy can't reach debt-limit accord; Lowe's shares ease after Q1 report; Tesla offers China-made cars for sale in Canada; Shell under pressure from climate activists; and an investor calls on Yelp to put itself on the block.

AFP

Stocks slide despite 'productive' US debt talks

London (AFP) - Stock markets mostly slid and the dollar was mixed Tuesday after US President Joe Biden and House Speaker Kevin McCarthy said they held productive talks on the debt ceiling but had still not reached a deal to avert a calamitous default.

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Axios

Congress braces for grueling week as debt deadline nears

"I think we all know we're going to have to have our schedules in pencil."

The Independent UK

Asian stocks fall after more US debt talks fail to break impasse

Asian stock markets are lower after more negotiations in Washington on government debt failed to yield a deal to avoid a potentially jarring default

AFP

Markets struggle despite 'productive' Biden-McCarthy debt talks

Hong Kong (AFP) - Markets struggled Tuesday as traders tracked developments in Washington, where US President Joe Biden and House Speaker Kevin McCarthy said they held productive talks on the debt ceiling but had still not reached a deal to avert a calamitous default.

AFP

Markets mostly rise after 'productive' Biden-McCarthy debt talks

Hong Kong (AFP) - Optimism that the United States will avert a calamitous default supported equities Tuesday, with President Joe Biden and House Speaker Kevin McCarthy saying they held productive talks on the debt ceiling.

Tribune News Service

McCarthy: No deal yet, but debt limit meeting ‘productive’

WASHINGTON — Speaker Kevin McCarthy said he and President Joe Biden on Monday had their best meeting yet on how to lift the statutory debt limit but that “there’s nothing agreed to” in the negotiations.

Tribune News Service

Biden-McCarthy debt talk ends with optimism, but without a deal

WASHINGTON — President Joe Biden and House Speaker Kevin McCarthy remained without a deal on the debt limit Monday night after another round of talks, though they called their discussions productive and vowed to keep negotiating to avert a catastrophic U.S. default.

Chicago Sun-Times

Debt ceiling explained: Why it’s a struggle in Washington and how the impasse could end

House Speaker Kevin McCarthy says his team and the White House have had ‘productive’ discussions to avert a default on U.S. debt days before the June 1 deadline.

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