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The Latest Breaking News from Kevin McCarthy

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

'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

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

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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

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.

Tribune News Service

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…

Los Angeles Times

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

The Guardian - 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

The Independent UK

Democratic tensions rise as Biden narrows debt ceiling talks

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

Axios

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.

Zenger

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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.

Zenger

Congress And The White House Have Yet To Come An Agreement Prior To A Default

Biden and Congressional aides currently in negotiations while the President is currently attending the G-7 as a recession looms.

The Independent UK

Debt ceiling negotiators rushing for weekend deal, but much work remains

Negotiators from the White House met over the debt limit with House Speaker Kevin McCarthy’s emissaries at the Capitol

Tribune News Service

McCarthy says debt deal is close, predicts House vote next week

House Speaker Kevin McCarthy said that negotiators on the federal debt limit may reach an agreement in principle as soon as this weekend and that he expects his chamber to consider a deal by next week.

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Roll Call

Contours of debt limit deal start to take shape - Roll Call

Lawmakers from both parties suggested negotiators were making progress Thursday toward a bipartisan deal that would raise the debt limit.

Salon

Kevin McCarthy created this "crisis"

At least Mitch McConnell admits the obvious: There will be no default, and everyone knows it. So WTF is going on?

The Independent UK

George Santos bizarrely compares himself to a Mean Girls character: ‘I’m Cady’

Santos faces a potential expulsion vote in the House

The Guardian - UK

First Thing: Japan PM prepares push for nuclear weapons pledge in Hiroshima

Ukraine war and China’s Taiwan ambitions are expected to dominate G7 discussions, but Fumio Kishida will have a powerful backdrop. Plus, the rise and fall of Rudy Giuliani

Barchart

Stocks Climb Before the Open on U.S. Debt Deal Optimism, Walmart Earnings on Tap

June S&P 500 futures (ESM23) are up +0.16%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.21% this morning after three major U.S. benchmark indices rallied on Wednesday as hopes of a deal to raise the U.S. debt limit and a jump in regional bank stocks boosted risk appetite.

Barchart

Stocks Move Higher Before the Open on U.S. Debt Deal Optimism, Walmart Earnings on Tap

June S&P 500 futures (ESM23) are up +0.08%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.15% this morning after three major U.S. benchmark indices rallied on Wednesday as hopes of a deal to raise the U.S. debt limit and a jump in regional bank stocks boosted risk appetite.

The Independent UK

George Santos says Congress is like ‘Mean Girls’: ‘I’m Cady’

Santos faces a potential expulsion vote in the House

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