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The Latest Breaking News from Kevin McCarthy

Republicans pause debt talks as W.House says 'real differences'

Washington (AFP) - Republicans have paused crunch US debt default talks less than two weeks before a potentially catastrophic default, House Speaker Kevin McCarthy said Friday, citing lack of movement from Democrats.

AFP

Debt-Ceiling Talks Are On Pause. So Is The S&P 500 Rally.

Debt-ceiling talks stalled Friday, helping to cool the S&P 500 rally. A deal is likely, but things may get more tense before either side caves.

Investors Business Daily

Republican debt-ceiling negotiators walk out of meeting, say White House ‘unreasonable’

House Speaker Kevin McCarthy’s top debt-ceiling negotiators abruptly left a closed-door meeting with White House representatives soon after it began Friday morning, throwing into doubt the status of talks to avoid a US default.

Tribune News Service

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White House: "real differences" in debt talks

Team Biden also wants to signal that a bipartisan compromise is still possible

Axios

Debt talks resume after a snag as the country gets closer to a possible default

Negotiators between the White House and House Speaker Kevin McCarthy's team briefly paused talks on Friday. There's a little more than a week before the country runs out of money to pay its bills.

WEKU

MTG's Biden impeachment "stunt" mocked

MAGA Republicans want to impeach the president while defending "fraudster George Santos," top Democrat says

Salon

Top House negotiator on debt limit says it's time to 'press pause' as talks come to standstill

A top debt ceiling negotiator for House Speaker Kevin McCarthy says it’s time to “press pause” on talks as negotiations with the White House have come to an abrupt standstill at the Capitol

The Independent UK

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Photos of the week ending May 19, 2023 - Roll Call

The debt limit showdown, an attempt to expel Rep. George Santos and a portrait unveiling of former Speaker Paul D. Ryan highlight this week.

Roll Call

Stock markets mostly rise on US debt deal hope

London (AFP) - Global equities mostly advanced Friday as traders grew increasingly hopeful that US lawmakers will hammer out a deal to lift the debt ceiling and avert a confidence-shattering default.

AFP

'Pause' lifted, debt limit talks back on - Roll Call

Top negotiators for President Joe Biden and Speaker Kevin McCarthy resumed talks Friday evening to lift the nation’s borrowing cap.

Roll Call

Stock markets mostly rally on US debt deal hope

London (AFP) - Global equities mainly rallied Friday as traders grew increasingly hopeful that US lawmakers will hammer out a deal to lift the debt ceiling and avert a confidence-shattering default.

AFP

Negotiating with post-Trump Republicans is like dealing with a toddler’s tantrum

While one side is happy to defecate on the floor, the other side has no choice but to clean up the mess

The Guardian - US

Scoop: Janet Yellen’s private debt ceiling warning to Wall Street

Behind closed doors, Yellen says borrowing costs are already rising.

Axios

Democrats, worried about a Biden-McCarthy deal, push a backup plan to avoid default

Progressive Democratic lawmakers raised the alarm over comments Biden made earlier this week suggesting he's entertaining possible changes to federal safety net programs.

WEKU

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Tribune News Service

Noah Feldman: Biden has no power to unilaterally raise the debt ceiling

If Congress fails to raise the debt limit, can President Joe Biden somehow borrow more money to save the United States from default? The short answer is no. But that hasn’t stopped a group of Senate Democrats from urging Biden to act unilaterally by invoking the Fourteenth Amendment.

Los Angeles Times

Jackie Calmes: Why is the climate on the table in the debt ceiling fight?

Lost amid all the attention to the partisan standoff over raising the nation's debt limit is the insanity of a big part of the Republicans' bargaining position: Many of the savings they demand in return for a higher debt ceiling would come from killing the landmark clean energy initiatives President…

The Guardian - UK

Tesco chair steps down after allegations of inappropriate behaviour; Rishi Sunak and Akshata Murty lost £200m in a year – as it happened

John Allan to stand down after allegations of inappropriate behaviour, while latest Sunday Times rich list shows first fall in the number of billionaires since financial crisis

AFP

Most Asian, European markets rally on US debt deal hope

Hong Kong (AFP) - Most markets built on a global rally Friday as traders grow increasingly hopeful that US lawmakers will hammer out a deal to lift the debt ceiling and avert a calamitous default.

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The Independent UK

Most say pair debt limit increase with deficit cuts, but few following debate closely: AP-NORC poll

A new poll finds that most U.S. adults say they are highly concerned about the impact on the national economy if the U.S. debt limit is not increased and the government defaults on its loans

AFP

Most Asian markets rally on US debt deal hope

Hong Kong (AFP) - Most Asian markets built on a global rally Friday as traders grow increasingly hopeful that US lawmakers will hammer out a deal to lift the debt ceiling and avert a calamitous default.

The Street

Florida's DeSantis Finds a West Coast Rival in Disney Controversy

The Sunshine State's policies are called 'bigoted.'

Axios

Democratic tensions rise as Biden narrows debt ceiling talks

"There are going to be a lot of Democrats in a really uncomfortable position."

Zenger

Democrats Calling On The Use Of The 14th Amendment If Negotiations With Congress Fail

A group of Democratic Senators plans to urge President Joe Biden to invoke the 14th Amendment to address the debt ceiling crisis.

AFP

US Republicans upbeat on debt deal as budget hawks dig in

Washington (AFP) - Top US Republican Kevin McCarthy said Thursday he saw "the path" to a breakthrough in talks to avert a looming debt default, despite signals from his party's hard right that they would not soften their demands for deep spending cuts.

Tribune News Service

McCarthy, Schumer eye debt-limit votes ahead of June 1 deadline

House Speaker Kevin McCarthy and Senate Majority Leader Chuck Schumer are making plans for votes in the coming days on a bipartisan deal to avert a catastrophic U.S. debt default.

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