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The Latest Breaking News from Kevin McCarthy

Larry Summers Warns About The Use Of The 14th Amendment For Government To Pay Its Bills

Former Treasury Secretary Larry Summers warned the possibility of increase in inflation over the next several years.

Zenger

Biden, McCarthy to meet Monday, as staff debt-limit talks resume

Debt-limit negotiators resumed discussions in Washington ahead of a meeting on Monday between President Joe Biden and House Speaker Kevin McCarthy, as time grows short to avert a U.S. default.

Tribune News Service

No deal on debt ceiling hike

"DOJ can and SHOULD admit that the plaintiff is right," one political observer said of NAGE's case

Salon

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Reserve Bank faces new inflation headwinds as immigration surges

This week's interest rates decision will be a tough one that may yet disappoint mortgaged homeowners and turn NZ back down the path to recession, writes Andrew Patterson.

Newsroom.co.nz

Biden and McCarthy set to meet again Monday for debt ceiling talks

House Speaker Kevin McCarthy told reporters he had a "productive" phone call with President Biden as he travels back to Washington. Negotiators for the pair will resume talks Sunday evening.

WEKU

Biden and McCarthy to meet Monday for debt ceiling talks

Biden said a phone call with McCarthy today "went well."

Axios

GOP turned down White House offer to freeze spending

The White House called the McCarthy's counter-offer a "a big step back."

Axios

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Biden seeks to call McCarthy after debt-limit talks hit impasse

WASHINGTON — President Joe Biden directed his aides to schedule a call on Sunday with House Speaker Kevin McCarthy, after the top Republican accused the White House of backtracking in talks on raising the U.S. debt limit.

Tribune News Service

US debt limit meetings on hold, McCarthy says talks are ‘so-so’

U.S. debt limit negotiators aren’t planning to meet on Saturday, according to people with knowledge of the matter, as the White House accused Republicans of being unwilling to negotiate.

Tribune News Service

Oil Prices On The Bring 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

US debt limit meetings pause, McCarthy says talks going ‘so-so’

U.S. debt limit negotiators aren’t planning to meet on Saturday, according to people with knowledge of the matter, as the White House accused Republicans of being unwilling to negotiate.

Tribune News Service

Debt limit talks seem to make little headway as Biden, world leaders watch from afar for progress

Debt limit talks between the White House and House Republicans stopped, started and stopped again heading into a weekend where President Joe Biden and world leaders watched from afar, hoping high-stakes negotiations would make progress on avoiding a potentially catastrophic federal default

The Independent UK

Biden confident US will avoid default amid tense debt talks

President Joe Biden downplayed fresh concerns that tensions in U.S. debt limit negotiations could lead to a catastrophic U.S. default, saying Republicans and Democrats will still be able to reach an agreement.

Tribune News Service

US debt default threatens global chaos making 2008 recession 'look like tea party'

The US has raised its debt ceiling limit multiple times in the last decade up to $13.4 trillion but a deal must be struck before the end of the month to avoid default which could spark a terrible recession

Daily Mirror

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Axios

Biden and McCarthy's shared debt ceiling math problem

“It’s one thing to strike a deal, then you got to pass it."

Fortune

The ‘dysfunctional’ debt ceiling fight could cause a $12 trillion blow to the American economy if Washington doesn’t get its act together

There have been 78 debt ceiling deals since 1960 and zero failures. Could this time really be different?

France 24

Debt limit talks halt as Republicans, White House face 'serious differences'

Debt limit talks between the White House and House Republicans stopped, started and stopped again Friday at the US Capitol, a dizzying series of events in high-stakes negotiations to avoid a potentially catastrophic federal default.

Tribune News Service

Debt limit talks resume after optimism curbed by GOP walkout

WASHINGTON — Negotiators resumed talks Friday night to avert a catastrophic U.S. default hours after a Republican walk-out punctured optimism that a debt-limit deal was near and drove down stocks.

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Axios

Debt ceiling deadlock centers on 2024 spending levels

"This kind of a pause is a real problem given the tight timeframe."

The Guardian - US

Debt ceiling talks briefly resume as US default deadline creeps closer

Janet Yellen, the treasury secretary, has said that without action the US will cease to be able to pay its debts around 1 June

Zenger

Biden Stays Optimistic About The Debt Ceiling Deal As The Clock Ticks On Negotiations

Stocks plunged showing concerns in regard to the debt ceiling as the president face criticisms from Republicans.

Tribune News Service

McCarthy puts debt-limit talks on ‘pause’ as clock ticks down

WASHINGTON — Debt-limit negotiations hit an impasse Friday as House Speaker Kevin McCarthy blamed the White House for resisting spending cuts, casting doubt on efforts in Washington to avert a catastrophic default.

Zenger

Lead Negotiator For Kevin McCarthy Walks Out On Biden Administration Officials

House Speaker Kevin McCarthy's authority to negotiate the debt ceiling is being challenged by Rep. Alexandria Ocasio-Cortez.

Tribune News Service

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.

Axios

White House: "real differences" in debt talks

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

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