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The Latest Breaking News from Kevin McCarthy

Tesla CEO Elon Musk visits China amid increased tensions with US

Elon Musk, Chief Executive of Tesla, is making a visit to China this week. As the electric vehicle company's second-largest market and a crucial player in its supply chain, the country holds significant importance for Tesla. After a meeting with the Chinese foreign minister, Musk was reported to have expressed…

France 24

Republicans Hail Big Spending Cuts That Economists Say Will Have Little Impact on the Economy

Analysts taking the measure of the debt-ceiling pact call it modest.

Businessweek

Asian stocks sink before US Congress votes on deal to avoid debt default

Asian stock markets are lower ahead of a vote by Congress on a deal to avert a government debt default while China factory activity weakened

The Independent UK

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Ahead of House debt ceiling vote, Biden shores up Democrats and McCarthy scrambles for GOP support

Hard-fought to the end, the debt ceiling and budget cuts package is heading toward a crucial U.S. House vote

The Independent UK

Changes to food aid in debt bill would cost money, far from savings GOP envisioned

A Republican attempt to expand work requirements for federal food aid in debt legislation moving through Congress would increase federal spending by $2.1 billion over 10 years — far from the cuts GOP lawmakers had envisioned

The Independent UK

Culture wars, parenting and tiptoeing around Trump: Five takeaways from Ron DeSantis’s 2024 launch

Florida governor rolls into first caucus state to launch 2024 bid against Trump

The Independent UK

Debt limit agreement clears first hurdle despite Republican anger. Here’s what happens next

The bill is set for a Wednesday vote in the House despite multiple Republicans criticising it

The Independent UK

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Where the debt ceiling debate hits you at home and in the bank

It’s not just another case of political bickering, as money Americans get from a wide range of programs is at stake.

Chicago Sun-Times

Freedom Caucus promises "reckoning" over McCarthy's debt ceiling deal

"The Republican conference has been torn asunder."

Axios

GOP chairman moves to hold FBI director Wray in contempt over Biden doc

Republicans in Congress are locked in an escalating fight with the director of the FBI

The Independent UK

14 U.S. House Republicans from Texas vote against raising the debt limit

Joined in opposition by four Texas Democrats, the “no” votes weren’t enough to sink the proposal, which next heads to the U.S. Senate.

The Texas Tribune

The debt ceiling agreement would mean no more student loan pause extensions

If Republicans have their way in the debt ceiling face-off, the federal student loan payment pause will officially come to an end later this year.

Fortune

Debt limit deal clears key hurdle; more land mines await - Roll Call

Debt limit legislation cleared its first critical hurdle Tuesday, when the House Rules Committee backed the terms for floor debate.

Roll Call

Conservatives Rage Against Debt Ceiling Bill: 'Not One Republican Should Vote for This'

But a lot of Republicans probably will.

Reason

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Reason

Banging Our Heads on the Debt Ceiling

Plus: A listener question cross-examines prior Reason Roundtable discussions surrounding immigration, economic growth, and birthrates.

The Independent UK

Debt limit deal is in place, but budget deficit is still a multi-decade challenge for US government

Even with new spending restraints included in the congressional debt limit deal, the U.S. government’s deficits are still on course to keep climbing to record levels over the next few decades

WEKU

Far-right members threaten a 'reckoning' over McCarthy's debt limit deal

McCarthy, who struck a compromise deal to avoid a debt default, faces criticism from members of his own conference and a potential threat that could oust him as speaker. He says his job is secure.

Roll Call

Who is Rep. Thomas Massie, the key debt limit supporter? - Roll Call

The Kentucky GOP lawmaker appeared to keep lawmakers’ efforts to avoid a debt default as soon as June 5 on track.

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Al Jazeera

US debt limit deal: How we got here

Bipartisan deal to raise debt ceiling and avoid ‘disastrous’ default heads to US Congress after weeks-long impasse.

Roll Call

McCarthy floats contempt for FBI director over document request - Roll Call

Speaker Kevin McCarthy threatened to seek to hold the FBI director in contempt of Congress if he doesn’t comply with a subpoena.

The Guardian - US

US debt ceiling deal: what has to happen now to get it passed?

Lawmakers are scrambling to push through Biden-McCarthy deal by 5 June to avoid default disaster – what is the process?

Reason

Debt Ceiling Bill 'Locks in the Inflated Spending Levels of Recent Years'

Plus: Artificial intelligence and jobs, how government caused a lifeguard shortage, and more...

The Guardian - US

US debt ceiling deal: House rules committee debates bill amid criticism on both sides – as it happened

Committee debate comes amid opposition from both sides to agreement that would stave off a catastrophic default

Axios

GOP leaders bullish on debt ceiling vote despite rebellion

Conservatives and fiscal hawks say the bill doesn't cut spending enough.

The Independent UK

Stock market today: Asia shares mixed as investors await debt ceiling vote, eye China economy

Asian shares are mixed in directionless trading following a U.S. holiday, as optimism about a deal on the U.S. debt was dented by worries about the regional economy

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