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The Latest Breaking News from Kevin McCarthy

Stock Market Today: Stocks Jump on Debt Ceiling Progress

The major benchmarks rallied into the long weekend after lawmakers said they're making strides in debt ceiling negotiations.

Kiplinger

Biden ‘optimistic’ of debt ceiling deal as Yellen extends deadline to 5 June

Lawmakers on call over Memorial Day weekend as treasury secretary revises estimate of when US will run out of money

The Guardian - US

Biden says debt ceiling deal 'very close.' Here's why it remains elusive

The Treasury estimates the country could default on its loans early next month. But negotiators are still hashing out key provisions like whether to expand work requirements for federal assistance.

WEKU

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

Yellen: Treasury to have 'insufficient resources' by June 5 - Roll Call

The U.S. government could be unable to pay all its bills on time if the debt limit isn’t raised or suspended by June 5.

Roll Call

U.S. debt ceiling fight riles Texans at both political ends

The high-stakes confrontation could have an impact on retirements accounts, corporations and much more.

The Texas Tribune

Voters want compromise in Congress -- so why the brinkmanship over the debt ceiling?

There’s progress on the debt limit. There’s no progress. Conservatives have revolted. Liberal Democrats are angry. Negotiators actually ate a meal together. That’s a good sign. No it isn’t. Who’s up? Who’s down?

The Conversation

Washington inching closer to debt deal

WASHINGTON: Democrats and Republicans inched towards a deal on Friday, ahead of a long weekend, to extend the US debt ceiling and avoid a crippling default that could hit the world's biggest economy within days.

Bangkok Post

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Judge pauses South Carolina abortion ban; emerging debt ceiling agreement ‘has fewer cuts than expected’ – as it happened

Temporary block on restrictions until state supreme court can review; Joe Biden and Kevin McCarthy reportedly closing in on a deal

The Guardian - US

First Thing: Biden and Republicans ‘nearing deal’ on debt ceiling

House adjourned for holiday weekend but lawmakers could be recalled to vote on deal if agreement is reached. Plus, why men lose their friends – and how they can make more

The Guardian - UK

Stock market today: Asian markets mixed as US government debt talks push toward brink of default

Asian markets have turned mostly higher as a deadline looms for Congress to reach a deal on the U.S. government debt or face a potentially damaging default

The Independent UK

Deadline looming, Biden and McCarthy narrow in on budget deal to lift debt ceiling

Days from a deadline, President Joe Biden and House Speaker Kevin McCarthy are narrowing in on a two-year budget deal that could unlock a vote for lifting the nation’s debt ceiling

The Independent UK

Debt ceiling talks teeter on the brink, as lawmakers leave town for weekend without a deal

Lawmakers are not expected back in Washington until Tuesday, two days before Treasury Secretary Janet Yellen predicts the U.S. won’t have funds to pay its bills.

Chicago Sun-Times

Biden, McCarthy edge closer to deal on US debt ceiling

US President Joe Biden and top Republican Kevin McCarthy are reportedly inching closer to a deal over the US debt ceiling.

The New Daily

Hopeful tone pervades debt ceiling talks ahead of long weekend

WASHINGTON — Debt limit negotiations on Thursday morning had the feel of a deal starting to come together, with no in-person meetings scheduled but both sides working through various options in advance of the long holiday weekend.

Tribune News Service

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Tribune News Service

Analysis: No longer a ‘broken record,’ White House throws a few elbows with debt messaging

WASHINGTON — “Congress must act.”

Tribune News Service

Leadership dynamics explain why there’s still no debt limit deal

WASHINGTON — Political calculations and concerns about legislative precedent within Congress and the White House have brought the government within a week of potentially failing to pay all of its debt obligations.

ABC News

Mike Cannon-Brookes wins control of Sun Cable project over Andrew 'Twiggy' Forrest, ASX suffers worst weekly performance in two months — as it happened

Billionaire Mike Cannon-Brookes has claimed control of the controversial Sun Cable solar export project in the Northern Territory, while NSW and Victoria enter a "retail recession" according to analysts. Look back on the day's financial news and events as they happened with our blog.

The Guardian - US

Debt ceiling deal within sight as Biden and Republicans continue to negotiate

House adjourned for holiday weekend, but lawmakers could be recalled to vote on deal if agreement is reached

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Roll Call

Leadership dynamics explain why there’s still no debt limit deal - Roll Call

Political calculations and concerns about legislative precedent have brought the government to within a week of a potential debt default.

Roll Call

No longer a 'broken record,' White House throws a few elbows with debt messaging - Roll Call

After sounding like an admitted 'broken record' on the debt talks, the White House is sounding a sharper tone about House Republicans.

Roll Call

Parties moving closer on debt ceiling deal as talks drag on - Roll Call

Negotiators working to hash out a deal to raise the debt limit were getting closer to agreement late Thursday.

Salon

Joe Biden: On the brink of doom

I've never seen a president this bad at communicating his agenda. If he loses to Trump, it'll be his own damn fault

Axios

Democrats are dreading a potential debt ceiling deal

"Democrats know they will have to eat a turd sandwich," one House Democrat told Axios.

Barchart

Stocks Climb Before the Open as Investors Await Key U.S. GDP Data, Nvidia Results Boost Sentiment

June S&P 500 futures (ESM23) are up +0.63%, and June Nasdaq 100 E-Mini futures (NQM23) are up +1.74% this morning after three major U.S. benchmark indices finished the regular session in the red as talks between the White House and Republican representatives on raising the U.S. debt ceiling ended without…

WEKU

Biden is counting on Shalanda Young to cut a spending deal Republicans can live with

Biden is leaning on Young's experience negotiating on Capitol Hill to help him find a way to cut through the raw politics of Washington and find an agreement to lift the debt ceiling.

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