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The Latest Breaking News from Kevin McCarthy

Debt limit talks pared down to proxies for Biden, McCarthy - Roll Call

President Joe Biden and Speaker Kevin McCarthy on Tuesday tapped proxies to negotiate directly over how to increase the debt limit.

Roll Call

McCarthy parries move on Santos expulsion by invoking Ethics Committee - Roll Call

The House will consider this week whether to expel embattled New York GOP Rep. George Santos, after a Democrat forced a vote.

Roll Call

Democrats float scheme to protect McCarthy from debt ceiling revolt

A McCarthy spokesperson said he has "zero interest" in the "garbage" effort.

Axios

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Recess starting to feel distant as debt limit deadline nears - Roll Call

The federal government is expected to run out of enough funds to pay all its bills on time as soon as June 1.

Roll Call

Republicans, Democrats trade blame before US debt talks

Washington (AFP) - President Joe Biden and Republican leaders are set to reconvene Tuesday for crunch talks on raising US borrowing limits, with a possible debt default now just weeks away.

AFP

Biden cuts a planned trip short as debt default threat looms

After a White House meeting Tuesday with top congressional leaders on raising the nation's debt limit, President Biden canceled part of an upcoming trip to focus on the debt ceiling talks.

WEKU

Stocks drift lower as US struggles to reach debt deal

New York (AFP) - European and US stock markets mostly drifted lower Tuesday as traders awaited possible developments on a US debt deal necessary to avert a default.

AFP

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Biden reportedly cuts Asia trip short as debt ceiling talks enter crunch time – as it happened

President will return to the US on Sunday immediately following G7 to ensure Congress takes action to avoid 1 June default

The Guardian - US

Stocks lack direction as US struggles to reach debt deal

London (AFP) - European stock markets edged higher Tuesday after a mixed showing in Asia, as traders grew increasingly concerned by the lack of a US debt deal necessary to avert a default.

AFP

Stocks Slip Lower, Retail Sales On Deck, Home Depot Earnings, Buffett Adds Capital One, Horizon Therapeutics Deal In Doubt - 5 Things To Know

Stock futures slip lower with debt ceiling talks in focus; Retail sales on deck after consumers powered Q1 GDP growth; Home Depot earnings in focus as retail week heats up; Warren Buffett's Berkshire Hathaway takes new position in Capital One and Horizon Therapeutics plunges on report FTC will sue to…

The Street

Markets wobble as US struggles to reach debt deal

Hong Kong (AFP) - Equities were mixed Tuesday as traders grew increasingly concerned that US lawmakers remain far apart in talks to raise the country's borrowing limit to avert a default.

AFP

Debt ceiling showdown: Biden and congressional leaders to meet as McCarthy pushes for faster deal

President Joe Biden will discuss the debt limit with House Speaker Kevin McCarthy and congressional leaders at the White House

The Independent UK

Biden-McCarthy debt talks to resume after new default warning

Washington (AFP) - President Joe Biden and Republican leaders are set to reconvene Tuesday for crunch talks on raising US borrowing limits, with a possible debt default now just weeks away.

AFP

Asian markets wobble as US struggles to reach debt deal

Hong Kong (AFP) - Equities were mixed in Asia on Tuesday as traders grow increasingly concerned that US lawmakers remain far apart in their bid to raise the country's borrowing limit to avert a default.

AFP

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AFP

Yellen reiterates debt default warning before Biden-McCarthy talks

Washington (AFP) - Treasury Secretary Janet Yellen said new data reinforced an earlier warning that the US could default on its debts as early as June 1, ahead of crunch talks Tuesday between President Joe Biden and Republican leaders.

Investors Business Daily

Dow Jones Futures: McCarthy Says Sides Are 'Far Apart' On Debt Ceiling; AI Stock C3.ai Rockets 23%

Dow Jones futures: House Speaker Kevin McCarthy said the sides are "far apart" on debt ceiling talks. AI stock C3.ai rocketed 23%.

Axios

Yellen holds firm on potential June 1 debt ceiling deadline

“I still think we’re far apart,” McCarthy told NBC News on Monday.

AFP

Biden and McCarthy to reconvene Tuesday for debt limit talks

Washington (AFP) - President Joe Biden will reconvene crunch debt talks Tuesday with senior Republican leaders including House Speaker Kevin McCarthy in another attempt to avert a costly US default.

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Investors Business Daily

Dow Jones Up As McCarthy Gives Debt Ceiling Warning; Activist Investor Targets This Growth Stock

The Dow Jones rose as Kevin McCarthy gave a debt ceiling warning. Microsoft stock rose after a regulator boosted a deal. Meta stock popped.

Roll Call

Parties scramble for deal on debt limit, budget - Roll Call

Democratic and Republican staff negotiators spent the weekend and a good part of Monday trying to get on the same page in debt limit talks.

The Independent UK

Biden, congressional leaders to meet Tuesday for talks on raising the debt limit

President Joe Biden says he will resume talks with congressional leaders at the White House on Tuesday as a standoff over the debt limit pushes the country closer to its legal borrowing limit with no agreement in sight

Investors Business Daily

Dow Jones Falls Ahead Of Biden-McCarthy Meeting; 6 Best Stocks To Buy And Watch

The Dow Jones dropped Monday ahead of Tuesday's planned meeting between President Joe Biden and House Speaker Kevin McCarthy.

WEKU

What you need to know about the debt ceiling as the deadline looms

What is the debt ceiling? What could happen if it's not raised? Here are answers to questions you may be asking about the debt limit and the fight over it.

France 24

President Biden 'optimistic' on US debt talks with Republicans

President Joe Biden and congressional leaders will likely resume talks on Tuesday at the White House over the debt limit, the president said Sunday, as the nation continues to edge closer to its legal borrowing authority with no agreement in sight.

The Independent UK

Biden, congressional leaders likely to meet Tuesday for talks on raising the debt limit

President Joe Biden says he and congressional leaders will likely resume talks on Tuesday at the White House over the debt limit as the nation continues to edge closer to its legal borrowing authority with no agreement in sight

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