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The Latest Breaking News from Kevin McCarthy

Biden and McCarthy tout "historic" debt ceiling deal to a divided Congress

Some conservative Republicans and progressive Democrats have criticized the deal.

Axios

Biden and McCarthy reach a final deal to avoid U.S. default; now it’s up to Congress

Speaker Kevin McCarthy and President Joe Biden announce a deal to avert a default on June 5. The plan includes spending cuts that could anger some lawmakers.

Chicago Sun-Times

Read: Kevin McCarthy releases text of bill to raise debt ceiling limit and avoid default

Read the bill's text in full here.

Axios

From analysis to the latest developments in health,
read the most diverse news in one place.

Debt ceiling deal ready for Congress vote: Biden

US President Joe Biden has urged Congress to pass the tentative debt ceiling deal he reached with Republican House Speaker Kevin McCarthy.

The New Daily

Biden, McCarthy reach final deal on debt ceiling days before potential default

With days to spare before a potential first-ever government default, President Joe Biden and House Speaker Kevin McCarthy reached final agreement Sunday on a deal to raise the nation's debt ceiling and worked to ensure enough Republican and Democratic votes to pass the measure in the coming week.

France 24

Biden, McCarthy agree to raise US debt ceiling – what’s in the deal?

Sources reveal discretionary spending cap and changes to the federal food program, among other details

The Guardian - US

Bipartisan debt limit package unveiled as clock ticks toward 'x date' - Roll Call

House GOP leaders released the legislative text of their deal with the White House to suspend the debt ceiling until 2025.

Roll Call

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Debt ceiling agreement gets thumbs up from biz groups, jeers from some on political right

The reviews are starting to come in as details emerge about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy

The Independent UK

Debt Ceiling Deal Curtails GOP-Backed Budget Cuts, Spending Caps

The deal will freeze non-military discretionary spending this year and allow a 1 percent increase in 2024.

Reason

"Thread the needle": Party leaders sell divergent realities on debt ceiling deal

"Either side bragging too much about their wins scares people and costs votes."

Axios

Debt ceiling negotiators reach a deal: 5 essential reads about the tentative accord, brinkmanship and the danger of default

President Joe Biden and House Speaker Kevin McCarthy on May 27, 2023, agreed in principle to a tentative deal that would raise the debt ceiling while capping some federal spending at current levels.

The Conversation

The debt ceiling deal isn’t perfect but it’s the only one – and it must pass

What happens from here depends on how many members of the House prefer governing to chaos

The Guardian - US

McCarthy and Biden's debt ceiling plan faces a big test

The stakes are especially high for McCarthy, whose survival as speaker could be at stake.

Axios

Debt ceiling deal slammed as "cruel"

"Hungry people are set to lose food while tax cheats get a free pass"

Salon

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The Independent UK

AP News Digest 8:40 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan.

Evening Standard

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’

The Independent UK

Debt-ceiling deal: What's in and what's out of the agreement to avert US default

President Joe Biden and House Speaker Kevin McCarthy have reached an agreement in principle on legislation to increase the nation's borrowing authority and avoid a default

The Independent UK

Biden, GOP reach debt-ceiling deal, now Congress must approve it to prevent calamitous default

President Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis

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The Independent UK

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

What's next on the debt ceiling: Selling the plan, and making a deal into a law

After weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have announced an “agreement in principle” to raise the nation’s debt ceiling and avoid a potentially catastrophic default

Chicago Sun-Times

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.

Al Jazeera

Biden, McCarthy reach tentative deal to raise US debt ceiling

Deal raises debt limit for two years while capping spending, but uncertainty remains on whether it can pass Congress.

Bangkok Post

Biden cuts deal in principle with Republicans to avert catastrophic US default

WASHINGTON - US President Joe Biden and Republican lawmakers struck a deal in principle to raise the country's debt ceiling Saturday, in a crucial first step towards eliminating the threat of a disastrous default with just days to spare.

Reuters

Biden, McCarthy reach tentative US debt ceiling deal

U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to suspend the federal government's $31.4 trillion debt ceiling on Saturday evening, ending a months-long stalemate.

The New Daily

Tentative deal struck to raise US debt limit and avert default crisis

Biden and top Republican Kevin McCarthy have reached a tentative deal to raise the federal government's $US31.4 trillion debt ceiling

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