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The Latest Breaking News from Kevin McCarthy

Yellen triples down on debt ceiling deadline

President Biden and Speaker McCarthy are scheduled to meet tonight.

Axios

McCarthy: No deal yet, but debt limit meeting 'productive' - Roll Call

Speaker Kevin McCarthy said he and President Joe Biden on Monday had their best meeting yet on how to lift the statutory debt limit.

Roll Call

Stock Market Today: Stocks Waver Ahead of Biden, McCarthy Debt Ceiling Talks

The major indexes made modest moves today as investors kept a cautious eye on debt ceiling discussions.

Kiplinger

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Comer brags Biden probe boosting Trump

The interview was reminiscent of Kevin McCarthy’s 2015 Benghazi gaffe about Hillary Clinton

Salon

Don’t let communities lose power that helps ensure environmental justice

What’s at stake is the process for protecting our air, water and land from what may be irreparable environmental harm. The fight is so important that House Speaker Kevin McCarthy has tied it to the debt ceiling crisis, Ben Jealous writes.

Chicago Sun-Times

Debt-limit talks productive ahead of Biden meeting, McCarthy says

House Speaker Kevin McCarthy said debt-limit discussions Monday morning with White House negotiators were productive ahead of a planned meeting later in the day with President Joe Biden.

Tribune News Service

McCarthy says debt limit deal with Biden possible - Roll Call

Speaker Kevin McCarthy said key decisions could be made by the two parties’ chief debt limit negotiators when they meet on Monday evening.

Roll Call

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Debt ceiling showdowns aren’t new – but this time gonzo Republicans are ready to blow up the economy

Republicans like Marjorie Taylor Greene and nihilists like Trump are more committed to gaining power than to cutting the government debt

The Guardian - US

Biden, McCarthy will attempt to salvage debt limit deal

President Joe Biden and Speaker Kevin McCarthy plan to meet Monday afternoon to discuss how to raise the debt limit after a weekend of negotiations by proxies left each side accusing the other of throwing up new roadblocks to a deal.

Tribune News Service

Tim Scott says ‘I’m running for president of the United States’ in announcement speech – as it happened

South Carolina senator makes speech referencing work and immigration as he announces campaign to run for Republican nomination in 2024 race

The Guardian - US

Oil Prices On The Brink Of Surging As Debt Default Looms

Debt ceiling talks between the White House and Congress as the stock market plunges and the oil prices increases.

Zenger

Goldman Sachs estimates Janet Yellen has two more weeks before running out of cash

The U.S. government's cash reserves are dwindling, and soon the Treasury will have to flood the market with over half a trillion dollars in new IOUs.

Fortune

Debt ceiling talks enter make-or-break phase

With less than two weeks to go before a potential debt default.

Axios

Biden to resume in-person negotiations on lifting US debt ceiling

US President Joe Biden is meeting with Republican House Speaker Kevin McCarthy this Monday, resuming talks on raising the government's borrowing limit. Washington has until June 1 to reach a deal before the government runs out of money to pay its bills, which would send shockwaves through the US economy…

France 24

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WEKU

Biden and McCarthy say debt limit meeting was productive but it ends without a deal

The two leaders met in person Monday at the White House after a "productive" phone call on Sunday about the debt ceiling. The U.S. could run out of money to pay its bills as early as June 1.

The Guardian - UK

First Thing: US debt ceiling talks ‘productive’ as Biden and McCarthy to meet

Sunday night phone call between president and Republican House speaker reported to have struck a more positive tone. Plus, how solar farms took over the California desert

Los Angeles Times

Doyle McManus: Debt ceiling negotiations were hard when Biden was vice president. They're even harder now

For a brief moment last week, it was possible to imagine that President Joe Biden and House Speaker Kevin McCarthy had found a patch of common ground in their standoff over the federal debt ceiling.

The Conversation

The US could default on June 1 owing to gridlock over the debt limit; Biden vs Trump polls are close

The United States debt limit is a legislative limit on the overall debt the US government can incur. As the US keeps running budget deficits, the debt keeps increasing. Congress could deal with this permanently by either repealing the debt limit, or increasing it to a very large number.

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The Independent UK

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

President Joe Biden and House Speaker Kevin McCarthy are to meet face to face on Monday after a weekend of on again, off again negotiations over raising the nation’s debt ceiling

The Independent UK

Biden, McCarthy to hold pivotal meeting on debt ceiling as time to resolve standoff grows short

President Joe Biden and House Speaker Kevin McCarthy have a pivotal meeting coming up on the impasse over the debt ceiling

Chicago Sun-Times

5 takeaways on the looming debt ceiling deadline crisis

Illinois House Democrats are divided over whether President Biden should invoke the 14th Amendment to let the federal government borrow money over the debt limit. GOP pushing for work requirements for public benefits.

ABC News

ASX finishes lower as threat of US debt default sparks warnings of potential Wall St crash — as it happened

Australian shares finished lower after US debt ceiling talks failed to make progress in the absence of President Joe Biden. Look back on the day's events as they happened with our markets blog.

Roll Call

Biden, McCarthy will attempt to salvage debt limit deal - Roll Call

President Joe Biden and Speaker Kevin McCarthy meet Monday to discuss how to raise the debt limit after a weekend of talks by proxies.

Los Angeles Times

Biden wraps up G-7 summit with more aid for Ukraine, confusion on Bakhmut, optimism on China

HIROSHIMA, Japan — Wrapping up a summit of the world's wealthiest democracies here Sunday, President Joe Biden had domestic trouble on his mind — the flagging U.S. debt talks — but also addressed the administration's most pressing international concerns: Ukraine and China.

The Independent UK

Biden and McCarthy to resume talks Monday as debt ceiling deadline looms

United States expected to hit default deadline on 1 June

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