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The Latest Breaking News from Kevin McCarthy

These Members of Congress Have a Revolutionary Idea: Write and Pass a Budget the Old-Fashioned Way

A return to so-called normal order wouldn't fix all of Washington's many problems, but it would be a step in the right direction.

Reason

US faces $31.4 trillion national debt crisis – and Republican divisions could make it harder to solve than ever

US federal debt currently stands at a staggering US$31.4 trillion (£25.2 trillion), the highest it’s ever been. That matters because it’s approaching the maximum limit that the government is legally allowed to borrow.

The Conversation

Senate asks supreme court chief justice to testify on ethics amid Clarence Thomas revelations – as it happened

Thomas under scrutiny after accepting luxury gifts from Republican megadonor

The Guardian - US

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Commentary: Biden’s stall tactics won’t fix the federal government’s finances or bring down inflation

If you listen to Treasury Secretary Janet Yellen or President Joe Biden, it sounds like the country will implode if Congress fails to raise the debt ceiling in a couple months. But Biden’s words don't match his actions.

Tribune News Service

McCarthy touts measure that would 'responsibly raise' debt limit, looks to a vote next week

WASHINGTON — House Republicans unveiled legislation Wednesday to pair their favored spending cuts and energy and regulatory policies with a debt limit increase lasting through early next year.

Tribune News Service

Biden draws sharp contrast with McCarthy on debt-limit approach

President Joe Biden accused Republicans of trying to “squeeze out more of America’s middle class,” painting the debt ceiling and spending cut proposal unveiled Wednesday by House Speaker Kevin McCarthy as lacking detail and benefiting the wealthy.

Tribune News Service

GOP holdouts coalesce around McCarthy's debt ceiling bill

“Most of us that I talked to that were in the Biden districts were supportive of it."

Axios

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McCarthy's bill for the looming debt limit would slash federal spending

Speaker Kevin McCarthy's proposal would lift the nation's credit limit for one year in exchange for spending cuts.

WEKU

Speaker McCarthy unveils $1.5T debt bill, challenging Biden

House Speaker Kevin McCarthy has unveiled a sweeping package that would raise the nation’s debt limit by $1.5 trillion into next year

The Independent UK

Biden rejects McCarthy’s debt ceiling demands: ‘America is not a deadbeat nation’

Mr Biden is calling on Republicans to cease threatening a ‘catastrophic’ default on America’s sovereign debt

The Independent UK

McCarthy unveils $1.5 trillion debt ceiling package

The plan is still fluid, but is expected to target GOP spending cut priorities.

Axios

Biden, McCarthy in different worlds on debt standoff

As Washington slow-walks toward a crisis over the national debt, President Joe Biden and House Speaker Kevin McCarthy are talking to two very different Americas

The Independent UK

Debt limit bill in hand, McCarthy eyes vote next week - Roll Call

House Republicans unveiled legislation Wednesday to pair spending cuts and energy and regulatory policies with a debt limit increase.

Roll Call

Speaker McCarthy lays out initial cards in debt ceiling debate: 5 essential reads on why it's a high-stakes game

House Speaker Kevin McCarthy has laid out an opening gambit in what is likely to be a lengthy battle over the debt ceiling, suggesting that Republicans are open to a deal – but at a very high price.

The Conversation

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The Guardian - AU

Russia-Ukraine war at a glance: what we know on day 420 of the invasion

Ukraine confirms grain transit to resume in Poland; Patriot air defence systems delivered

Tribune News Service

Jonathan Bernstein: Wall Street should tell Kevin McCarthy to get back to business

House Speaker Kevin McCarthy went to New York on Monday to seek Wall Street’s support for his pursuit of a debt-ceiling deal tied to federal spending cuts. But financial industry pros know that attaching any strings to an increase in the borrowing limit is irresponsible. They should tell the speaker…

The Guardian - AU

Russia-Ukraine war: Kyiv receives Patriot missile systems from US and Germany – as it happened

Ukraine defence minister said he had first lobbied for the Patriots in August 2021, before the invasion

Reuters

Ukraine's Zelenskiy, top US House Republican McCarthy discussed Russia sanctions

Ukrainian President Volodymyr Zelenskiy said on Tuesday he and U.S. House of Representatives Speaker Kevin McCarthy discussed in a phone call Ukraine's need for weapons as well as increasing sanctions pressure on Russia.

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Tribune News Service

House Republicans struggle for unity on debt limit package

WASHINGTON — House Republicans are divided over the best mechanism for extending the debt limit deadline and how deep to cut spending in their nascent plan.

Reason

Kevin McCarthy, Joe Biden, and the Deeply Unserious Debate Over the Debt Ceiling

An impasse created by years of politicized, myopic decision making in Washington is pushing the federal government ever closer to a dangerous cliff.

Salon

Kevin McCarthy sucks up to Wall Street

"Republicans' budget cuts could throw 720,000 to over 2.5 million Americans out of work," Elizabeth Warren warns

Axios

House Republicans won't commit to McCarthy's debt ceiling plan

"To turn it around in a week, that's pretty short order."

The Independent UK

McCarthy preps House GOP debt deal to draw Biden into talks

Speaker Kevin McCarthy has convened House Republicans to unveil his proposal to raise the nation’s debt limit

Roll Call

Climate credits, IRS funds snarl GOP debt limit talks - Roll Call

A push to repeal clean energy tax credits and IRS enforcement funding has emerged as a key sticking point in House GOP debt limit talks.

Tribune News Service

McConnell returns to Senate, urges Biden to ‘stop wasting time’ on debt ceiling

WASHINGTON — Minority Leader Mitch McConnell returned to the Senate on Monday weeks after suffering a concussion and fractured rib in a fall, jumping back into the fray by accusing President Joe Biden of taking an “extreme position” over a coming debt ceiling deadline.

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