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The Latest Breaking News from Kevin McCarthy

The first debt ceiling fight was in 1953. It looked almost exactly like the one today

Debt ceiling dramas have been going on a long time. The first one happened exactly 70 years ago. President Eisenhower asked Congress for an extra $15 billion and the Senate said, "No dice."

WEKU

Taiwan, US to sign trade deal

TAIPEI: The United States and Taiwan will sign a trade deal on Thursday, Taipei said, in a move likely to stoke tensions between Beijing and Washington over the island.

Bangkok Post

After sailing though House on bipartisan vote, Biden-McCarthy debt ceiling deal now goes to Senate

After sailing through the House on a bipartisan vote, the debt ceiling and budget cuts package now goes to the Senate

The Independent UK

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House OKs debt ceiling bill to avoid default, sends Biden-McCarthy deal to Senate

The deal passed by a bipartisan coalition, despite pushback from conservatives and progressives, restricts spending for two years, suspends the debt ceiling until 2025 and imposes work rules for older people receiving food aid.

Chicago Sun-Times

Debt ceiling bill: key takeaways from the vote

Divisions were revealed, between and among party members, but both sides are counting the passage as a win

The Guardian - US

House approval of debt ceiling deal a triumph of the political center

Talking with a friend about the debt ceiling negotiations, I mentioned that there were incentives for centrists in Congress to cobble together a deal. My friend said, incredulously, “Do we actually have centrists in Congress?”

The Conversation

House passes debt ceiling bill just days before deadline – as it happened

The bill has reached the crucial 218 threshold to pass – though some Republicans may attempt to derail the process

The Guardian - US

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US House approves debt ceiling bill to avoid default

The House of Representatives has approved a bill to suspend the US government's $US31.4 trillion debt ceiling until 2025.

The New Daily

US House passes bipartisan bill to raise debt ceiling, avoid default

Lawmakers agreed on a bill that looks to avoid a catastrophic default of the United States. The text will now go to the Senate for approval.

France 24

Debt limit package passes House, heads to Senate - Roll Call

The House passed a bill Wednesday night to suspend the debt limit past the 2024 elections, sending the measure to the Senate.

Roll Call

Angry progressives and conservatives hit out as Democrats push through Biden-McCarthy debt ceiling deal

More Democrats vote to raise the debt limit than Republicans as the bill heads to the Senate

The Independent UK

House approves the Biden-McCarthy debt ceiling bill as default deadline looms

The House overwhelmingly approved the Fiscal Responsibility Act of 2023 Wednesday evening on a 314-117 vote. The bill now heads to the Senate, where it will need 60 votes before it would go to Biden.

WEKU

US House of Representatives votes ‘yes’ on debt-ceiling deal

Speaker Kevin McCarthy faced opposition in his own party to a deal hammered out with the White House to avoid default.

Al Jazeera

US House passes bill to suspend debt ceiling just days before default

With 149 Republicans and 165 Democrats supporting the measure, Biden has called on the Senate to quickly take up the legislation

The Guardian - US

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Salon

Dems decry GOP's reckless hostage-taking

Bernie Sanders was the first senator to come out against the package negotiated by Joe Biden and Kevin McCarthy

Chicago Sun-Times

It’s time to end the threat of another debt limit crisis

The End the Threat of Default Act would eliminate the manufactured debt limit crisis that is used as a political weapon to damage Democratic presidents.

Zenger

Former Treasury Secretary Summers Criticizes IRS Provisions In Debt Ceiling Agreement

Summers opposes IRS funding cuts in debt ceiling deal, warns of future deficits and tax cheats' advantage.

The Independent UK

Watch: Representatives debate as House expected to vote on bill to raise debt ceiling

Watch as the US House of Representatives is expected to vote on a bill to raise the debt ceiling on Wednesday 31 May.

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Salon

GOPer: 3 days not enough to read bill

Rep. Ralph Norman's argument didn't cut it on Fox News

Newsroom.co.nz

NZ's beef with critical US debt ceiling debate

Exporters are nervously watching a key vote in the US Congress that will determine whether the world's biggest economy defaults on its debts. Jonathan Milne reports.

Reason

Social Security and Medicare Are Ticking Time Bombs

Even taking all the money from every billionaire wouldn't cover our coming bankruptcy.

The Independent UK

Anti-poverty groups and progressives blast work requirements for aid to poor Americans in debt ceiling deal

‘We shouldn’t be playing politics with programs that help Americans meet their basic needs’

Axios

House Democrats fracture on debt ceiling vote

“Fair to say that Chip Roy also spoke for most Democrats when he called the deal a ‘turd sandwich.'"

The Independent UK

House Republican majority cut by one after shock resignation of congressman

Representative Chris Stewart is expected to say he will leave Congress by year’s end

The Independent UK

Watch: House Minority Leader Hakeem Jeffries holds press conference ahead of debt ceiling vote

Watch as Hakeem Jeffries, minority leader of the House of Representatives, and other Democrats hold a news conference ahead of a vote on the US debt ceiling on Wednesday evening (31 May).

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