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The Latest Breaking News from Kevin McCarthy

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

Banging Our Heads on the Debt Ceiling

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

Reason

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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

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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

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...

Reason

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

The Guardian - US

GOP leaders bullish on debt ceiling vote despite rebellion

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

Axios

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

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

The Independent UK

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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

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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

WEKU

Biden and McCarthy reach a deal to avoid default. Here's what's in it

While the bill raises the debt ceiling, it also affects a wide range of people by limiting spending and changing guidelines around food stamps and student loans.

France 24

Two year budget deal to avoid US debt default set for Congress vote

US President Joe Biden has announced that an agreement has been brokered with Republican House Speaker Kevin McCarthy to raise the government's debt ceiling This pivotal piece of legislation, now poised for a vote in Congress, requires a simple majority for its enactment. If passed, it would circumvent an unprecedented…

The Conversation

Can high-stakes debt-ceiling brinkmanship in the US lead to unprecedented political unity?

Congress appears to be on the cusp of passing legislation that would not only avoid an unprecedented US government default – and economic catastrophe – but also provide some much-needed political stability in Washington.

The Independent UK

Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead

After weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have struck an agreement to avert a potentially devastating government default

The Independent UK

Stock market today: Asian markets mostly higher after Biden-McCarthy deal on US debt

Asian shares are mostly higher after President Joe Biden and House Speaker Kevin McCarthy reached a final agreement on a deal to raise the U.S. national debt ceiling

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