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The Latest Breaking News from Kevin McCarthy

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.

Tribune News Service

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.

Zenger

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

The Independent UK

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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.

Tribune News Service

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.

Roll Call

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?

Salon

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

Santos faces a potential expulsion vote in the House

The Independent UK

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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

The Guardian - UK

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.

Barchart

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

Santos faces a potential expulsion vote in the House

The Independent UK

AOC heckles George Santos after Congress votes on his future: ‘Resign! Resign bro!’

‘New Yorkers need better!’

The Independent UK

New work requirements for federal aid? GOP pushes proposals in debt talks

Work requirements for federal aid programs have emerged as a sticking point in ongoing negotiations over raising the nation’s debt ceiling, and President Joe Biden has signaled openness to a possible compromise even as many in his party have balked

The Independent UK

Who's who in the debt limit fight: Meet the four negotiators who could save the US from default

President Joe Biden and House Speaker Kevin McCarthy are turning to a select group of negotiators to help broker a deal to increase the nation’s borrowing authority and avoid the economic carnage that would ensue if a deal is not reached soon

The Independent UK

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Roll Call

House votes to refer Santos matter to Ethics panel - Roll Call

The House voted Wednesday to refer to the Ethics Committee a Democrat-led resolution to expel indicted New York GOP Rep. George Santos.

Al Jazeera

Biden, top Republican say confident debt default will be averted

Experts say a default would be catastrophic for US economy, but political standoff has persisted as deadline looms.

The Independent UK

Biden off to Japan for Group of Seven summit, says there's 'work to do' on global stage

President Joe Biden declared Wednesday there’s “work to do” on the global stage as he headed to Japan to consult with allies on Russia’s invasion of Ukraine and China’s assertive influence in the Pacific

Roll Call

Party leaders optimistic as debt limit negotiators get to work - Roll Call

Negotiators tapped by President Joe Biden and Speaker Kevin McCarthy to hash out a debt limit compromise were racing against the clock.

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The Independent UK

Biden says he’s ‘confident’ US won’t default on debt

‘America will not default,’ President Biden says

The Independent UK

Biden 'confident' there will be no U.S. debt default

President Joe Biden said Wednesday that he was “confident” that the U.S. would avoid an unprecedented and catastrophic debt default, saying the talks were productive as he prepared to leave for a global summit in Japan

The Guardian - US

Democratic senators urge Biden to invoke 14th amendment to prevent debt default – as it happened

Senators want to use amendment that says validity of US debt cannot be questioned, arguing Republicans not acting in good faith

Axios

McCarthy called Biden's bluff on the debt ceiling

"They're negotiating now and they weren’t doing it before," one Republican told Axios.

The Guardian - US

George Santos: Democrats move to expel indicted Republican from Congress

New York representative is subject of a privileged resolution, which would need two-thirds support to succeed

360info

How the US could easily avoid default

As the US hits its $31 trillion debt ceiling, there's a danger it could default. Yet the solution to avoiding the debt ceiling is surprisingly simple.

ABC News

What is the US debt ceiling? How does it affect the economy? Could Australia be impacted?

The United States is rapidly running out of money to pay its bills unless the Republicans and Democrats can agree on a new deal. Here's how the US got here, and what it means for Australia.

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