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The Latest Breaking News from Kevin McCarthy

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

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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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Banging Our Heads on the Debt Ceiling

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

Reason

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

The Independent UK

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.

WEKU

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.

Roll Call

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.

Al Jazeera

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.

Roll Call

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?

The Guardian - US

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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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The Independent UK

Crucial days ahead as debt ceiling deal goes for vote and Biden calls lawmakers for support

President Joe Biden says he “feels good” about the debt ceiling and budget deal negotiated with House Speaker Kevin McCarthy

Fortune

Nvidia CEO Jensen Huang says the A.I. frenzy marks the 'rebirth of the computer industry'

Nvidia is riding the A.I. wave to a nearly trillion-dollar valuation.

The Guardian - US

US political leaders push for lawmakers’ support on debt ceiling deal

Some members of Congress question if they received enough concessions in Biden and McCarthy’s agreement

Zenger

Biden, McCarthy Confident Final Debt Ceiling Deal Will Gain Momentum

President Joe Biden and House Speaker Kevin McCarthy reached the final agreement in principle on Sunday on a deal to raise the country's debt ceiling

The Guardian - US

US debt ceiling deal: what’s in and out of Biden and McCarthy’s agreement

Speaker Kevin McCarthy says the House will vote Wednesday on the deal he struck with the president – here are the details of the 99-page bill

Axios

Inside Biden’s relentless soft-sell on the debt ceiling bill

Several Democrats came out of a White House briefing more secure about voting for the bill.

The Guardian - UK

First Thing: Biden hails debt ceiling deal, prepares Congress sell

President says agreement protects ‘historic economic recovery’. Plus Turkey’s Erdoğan celebrates extending his two decades in power

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