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The Latest Breaking News from Kevin McCarthy

Dollar jumps, stocks advance as US debt talks plod on

London (AFP) - Most stock markets and the dollar rose on Wednesday as investors track talks aimed at breaking an impasse over raising the US debt ceiling.

AFP

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

The Guardian - US

Dow Jones Rises On Debt Ceiling Optimism; Tesla Rallies As Elon Musk Talks Cybertruck

The Dow Jones rose Wednesday on debt ceiling optimism. Tesla rallied as CEO Elon Musk said "production Cybertrucks" were out this year.

Investors Business Daily

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Dollar jumps, stocks waver on fears over US debt talks

London (AFP) - The haven dollar climbed and global stock markets wavered Wednesday as investors fretted over the slow progress of talks seeking to raise the US debt ceiling.

AFP

Stocks Higher, Elon Musk Stays, Target Earnings, Cisco Systems Reports, Debt Ceiling Talks - 5 Things To Know

Stock futures higher on debt ceiling optimism; Tesla gains as musk says he'll stay on as CEO, spend less time at Twitter; Target earnings on deck as retail picture remains mixed; Cisco Systems edges higher ahead of Q3 earnings after the bell and President Biden to cut Asia trip short…

The Street

McCarthy called Biden's bluff on the debt ceiling

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

Axios

Markets mixed as sluggish debt talks worry investors

Hong Kong (AFP) - Unease over the slow progress of US debt talks further dampened sentiment in equity markets on Wednesday, though Japanese stocks got a boost from forecast-beating economic growth data.

AFP

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Asian markets mixed as sluggish debt talks worry investors

Hong Kong (AFP) - Unease over the slow progress of US debt talks further dampened sentiment in Asian markets Wednesday, though Japanese stocks got a boost from forecast-beating economic growth data.

AFP

Biden trims Asia-Pacific tour as hopes rise of debt deal

Washington (AFP) - Joe Biden and opposition Republican leaders on Tuesday offered hope of a deal that could avoid a catastrophic US debt default, although the president was forced to shorten an upcoming Asia-Pacific tour for further crisis talks.

AFP

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

The Guardian - US

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.

360info

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.

ABC News

Biden cancels Australia and Papua New Guinea visit as debt limit crisis looms

President, who will still visit Japan for G7 summit, hosts new talks with congressional leaders

The Guardian - US

House lawmakers could decide whether to expel George Santos. He says Democrats want to ‘play judge and jury’

Democrats back a resolution to remove the scandal-plagued congressman after federal fraud charges

The Independent UK

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AFP

Biden cuts back Asia tour as hopes rise of debt deal

The Independent UK

George Santos expulsion coming before House as Democrats force vote

House Democrats are seeking to force a vote on expelling Rep. George Santos from Congress

AFP

Biden 'optimistic' on debt talks, but cuts short Asia trip

Washington (AFP) - Joe Biden voiced optimism Tuesday the United States can avoid a potentially catastrophic debt default, although the president was forced to shorten an upcoming Asia tour after his latest crisis talks with Republicans ended with no breakthrough.

Axios

Biden agrees to direct debt ceiling talks with House GOP

"It is possible to get a deal by the end of the week," said McCarthy.

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Al Jazeera

What to expect as the US continues with debt ceiling negotiations

Republican lawmakers continue to insist on cuts to social programmes as US debt default looms on the horizon.

The Independent UK

Biden’s trip abroad in limbo as leaders scramble to avoid debt default

Mr Biden may nix travel to Australia and Papua New Guinea so he can be present for negotiations over raising the government’s statutory debt limit

AFP

US debt showdown forces Biden to cut back Asia tour

Washington (AFP) - Joe Biden and Republican leaders kicked off high-stakes talks Tuesday aimed at averting a potentially catastrophic US debt default, as the president was forced to shorten an upcoming Asia tour to tackle the crisis.

Axios

Biden shortening overseas trip ahead of debt ceiling deadline

Biden will miss the first-ever visit to Papua New Guinea by a U.S. president.

The Independent UK

Watch: Kevin McCarthy holds press conference after talks with Joe Biden over debt ceiling standoff

Watch House speaker Kevin McCarthy hold a press conference after a behind-closed-doors meeting between Joe Biden and congressional leaders about the US debt ceiling.

Investors Business Daily

Dow Jones Losses Worsen As McCarthy Jabs Biden Over Debt Ceiling; Warren Buffett Buys This Bank Stock

The Dow Jones fell after Home Depot earnings. Warren Buffett snapped up a new stock. Kevin McCarthy blasted Joe Biden over the debt ceiling.

AFP

Biden, Republicans meet for debt showdown as default looms

Washington (AFP) - Joe Biden and Republican leaders readied for high-stakes talks Tuesday to avert a catastrophic debt default, as the White House said the president may cut short an upcoming Asia tour to tackle the crisis.

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