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The Latest Breaking News from the White House

Democrats and Republicans agree to raise US debt ceiling

Joe Biden says agreement is ‘a compromise’ but hails it as ‘good news for the American people’

Evening Standard

Debt ceiling tests McCarthy, as GOP speaker rides breezily through fight of his career

Kevin McCarthy was never Washington’s bet to become House speaker

The Independent UK

Why Texas Attorney General Ken Paxton's impeachment fight isn't finished yet

The Texas Legislature already made one historic move with the impeachment of Republican state Attorney General Ken Paxton

The Independent UK

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Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default

With the outlines of a deal in place, the legislative package could be drafted and shared with lawmakers in time for votes early next week in the House and later in the Senate.

Chicago Sun-Times

Debt ceiling deal reached between Biden and McCarthy

Tentative deal will avert a worldwide financial catastrophe

The Independent UK

Biden and McCarthy hold debt ceiling talks amid signs a deal is close

Default deadline pushed to 5 June as work requirements for food aid recipients reportedly emerge as final sticking point

The Guardian - US

Bipartisan deal reached to raise debt limit, cap appropriations - Roll Call

The White House and top Republicans reached an agreement in principle to raise the debt ceiling and set caps on discretionary spending.

Roll Call

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Russ Vought: GOP's far-right mastermind

How onetime budget wonk Russ Vought joined the culture war — and built a strategic plan for conservatives in exile

Salon

Sen. Kyrsten Sinema enters debt ceiling talks to try to resolve split on energy permitting

Her late entrance signals that negotiators are exploring new ways to solve thorny issues.

Axios

Biden says debt deal 'very close' even as two sides far apart on work requirements

Work requirements for federal food aid recipients have emerged as a final sticking point in negotiations over the looming debt crisis, even as President Joe Biden says a deal is “very close.”

The Independent UK

DeSantis signed bill shielding SpaceX and other companies from liability day after Elon Musk 2024 launch

Florida governor launched 2024 bid during chaotic Twitter Spaces event hit by technical difficulties

The Independent UK

US Treasury Secretary Janet Yellen pushes back forecast of potential US default date to June 5

US Treasury Secretary Janet Yellen says the projected debt ceiling deadline is extended to June 5, four days later than previously estimated.

ABC News

X marks the spot: Yellen tells Congress US could run out of money to pay all its bills by June 5

Treasury Secretary Janet Yellen has told Congress that the U.S. could default on its debt obligations by June 5 if lawmakers do not act in time to raise the federal debt ceiling

The Independent UK

McCarthy, Biden close to deal — maybe

Biden and McCarthy may cut a deal before the weekend — but many Republicans and Democrats are likely to oppose it

Salon

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The Guardian - US

Biden ‘optimistic’ of debt ceiling deal as Yellen extends deadline to 5 June

Lawmakers on call over Memorial Day weekend as treasury secretary revises estimate of when US will run out of money

The Texas Tribune

U.S. debt ceiling fight riles Texans at both political ends

The high-stakes confrontation could have an impact on retirements accounts, corporations and much more.

Roll Call

Debt limit deal appears close as negotiators keep working - Roll Call

GOP negotiators and Biden report progress as they stare down the deadline for passing legislation to raise the borrowing cap.

The Guardian - US

Judge pauses South Carolina abortion ban; emerging debt ceiling agreement ‘has fewer cuts than expected’ – as it happened

Temporary block on restrictions until state supreme court can review; Joe Biden and Kevin McCarthy reportedly closing in on a deal

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Salon

Trump and the Saudis: Does anyone care?

Trump's links to the Saudi regime and its LIV Golf tour reek of obvious corruption. Maybe Jack Smith has noticed

The Independent UK

Deadline looming, Biden and McCarthy narrow in on budget deal to lift debt ceiling

Days from a deadline, President Joe Biden and House Speaker Kevin McCarthy are narrowing in on a two-year budget deal that could unlock a vote for lifting the nation’s debt ceiling

Chicago Sun-Times

Debt ceiling talks teeter on the brink, as lawmakers leave town for weekend without a deal

Lawmakers are not expected back in Washington until Tuesday, two days before Treasury Secretary Janet Yellen predicts the U.S. won’t have funds to pay its bills.

The New Daily

Biden, McCarthy edge closer to deal on US debt ceiling

US President Joe Biden and top Republican Kevin McCarthy are reportedly inching closer to a deal over the US debt ceiling.

Tribune News Service

Hopeful tone pervades debt ceiling talks ahead of long weekend

WASHINGTON — Debt limit negotiations on Thursday morning had the feel of a deal starting to come together, with no in-person meetings scheduled but both sides working through various options in advance of the long holiday weekend.

Tribune News Service

Analysis: No longer a ‘broken record,’ White House throws a few elbows with debt messaging

WASHINGTON — “Congress must act.”

Tribune News Service

Leadership dynamics explain why there’s still no debt limit deal

WASHINGTON — Political calculations and concerns about legislative precedent within Congress and the White House have brought the government within a week of potentially failing to pay all of its debt obligations.

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