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The Latest Breaking News from Kevin McCarthy

Debt-limit talks stall as time runs short to avert US default

Debt limit talks in Washington have hit a fresh impasse with negotiators far apart on key issues, especially the spending cuts demanded by Republicans, as time runs short to avert a historic US default.

Tribune News Service

Bice ponders family leave bill as she juggles multiple priorities - Roll Call

Rep. Stephanie Bice is one of the busiest lawmakers in Congress, whose current mission is a paid family leave bill.

Roll Call

S&P Futures Tick Lower Ahead Of FOMC Meeting Minutes, Nvidia Earnings on Tap

June S&P 500 futures (ESM23) are trending down -0.33% this morning after three major U.S. benchmark indices finished the regular session solidly lower as worries about a potential U.S. default hurt risk sentiment, while market participants also waited for minutes from the Federal Reserve’s last meeting.

Barchart

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Low-key Louisiana lawmaker tapped to help lead GOP debt negotiations

Rep. Garret Graves was critical in helping Kevin McCarthy get the votes to be elected speaker. Now, he's taking the lead at the negotiating table on how to avoid a historic debt default.

WEKU

Debt ceiling talks aren't going well. Here's where they stand

House Republicans insist there's a gulf between them and the White House on key areas on how to resolve the looming debt ceiling deadline.

WEKU

Stock market today: Asian stocks slide as US debt worries mount

Asian stock markets have slid as the U.S. government creeps closer to a potentially disruptive default on its debt

The Independent UK

Debt ceiling talks stuck on classic problem: Republicans demand spending cuts and Democrats resist

Debt ceiling negotiations are locked on a classic problem that has vexed Washington before: Republicans led by House Speaker Kevin McCarthy want to roll back federal government spending, while President Joe Biden and other Democrats do not

The Independent UK

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Just in case: Anxious retirees, social service groups among those making default contingency plans

Politicians in Washington may be offering assurance that the government will figure out a way to avert default, but around the country, economic anxiety is rising and some people already are adjusting their routines

The Independent UK

McCarthy, Rep. Graves signal impasse in White House debt talks

WASHINGTON — Speaker Kevin McCarthy left the U.S. Capitol late Tuesday afternoon saying the two parties had yet to reach a deal to avert a first-ever U.S. default, and a top lieutenant said there are no more meetings planned.

Tribune News Service

Marjorie Taylor Greene wins ChapStick used by House Speaker Kevin McCarthy for $100K at GOP auction as debt ceiling crisis drags on

Republican campaign leaders on Tuesday auctioned off a ChapStick used by House Speaker Kevin McCarthy — and scored $100,000 from winner Rep. Marjorie Taylor Greene.

Tribune News Service

Marjorie Taylor Greene pays $100k for chapstick used by Kevin McCarthy

‘They doing this insane chapstick s*** while the country teeters on default. Wild,’ Ilhan Omar tweets

The Independent UK

Another day, another pause in debt ceiling negotiations - Roll Call

Debt limit talks broke down again Tuesday as negotiators described disagreements over spending levels and other policy add-ons.

Roll Call

Biden, McCarthy stay positive though debt deal remains elusive

WASHINGTON — House Speaker Kevin McCarthy told Republicans Tuesday that debt limit talks still have some distance to go and pleaded with them to stay united on the party’s demands for spending cuts to avert a U.S. default.

Tribune News Service

Debt ceiling talks grind on, but Republicans say there's a 'lack of urgency' from White House

Debt ceiling negotiators for President Joe Biden and House Speaker Kevin McCarthy are holed up again at the Capitol

The Independent UK

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Roll Call

Appropriators face close votes on spending bills in committee - Roll Call

Rep. Steve Womack said Tuesday that lining up support from GOP panel members for appropriations markups remains “a work in progress.”

Roll Call

Wide gulf between debt limit negotiators as time grows short - Roll Call

With just nine days left before the government may not be able to pay all its bills, GOP negotiators said zero progress is being made.

The Guardian - US

Ron DeSantis ‘to announce presidential run on Twitter with Elon Musk’ – as it happened

Florida governor reportedly to officially announce campaign on platform; McCarthy says debt deal possibly by 1 June

The Guardian - US

A debt default would be catastrophic for the US – and Biden’s re-election chances

If Democrats believe they can win the ‘messaging wars’ about a default, they’re deluded. Republicans win either way

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Investors Business Daily

Dow Jones Falls 150 Points After Biden-McCarthy Meeting; Lowe's Rallies On Earnings

The Dow Jones fell Tuesday after President Biden and House Speaker Kevin McCarthy failed to reach a deal at their debt ceiling meeting.

The Guardian - UK

First Thing: Biden and McCarthy hold ‘productive’ debt talks but no deal reached

If debt limit not raised, the US will default on its bills. Plus, the issue with DeSantis’s $13.5m police relocation program

Axios

Congress braces for grueling week as debt deadline nears

"I think we all know we're going to have to have our schedules in pencil."

The Independent UK

Asian stocks fall after more US debt talks fail to break impasse

Asian stock markets are lower after more negotiations in Washington on government debt failed to yield a deal to avoid a potentially jarring default

Tribune News Service

McCarthy: No deal yet, but debt limit meeting ‘productive’

WASHINGTON — Speaker Kevin McCarthy said he and President Joe Biden on Monday had their best meeting yet on how to lift the statutory debt limit but that “there’s nothing agreed to” in the negotiations.

Tribune News Service

Biden-McCarthy debt talk ends with optimism, but without a deal

WASHINGTON — President Joe Biden and House Speaker Kevin McCarthy remained without a deal on the debt limit Monday night after another round of talks, though they called their discussions productive and vowed to keep negotiating to avert a catastrophic U.S. default.

Chicago Sun-Times

Debt ceiling explained: Why it’s a struggle in Washington and how the impasse could end

House Speaker Kevin McCarthy says his team and the White House have had ‘productive’ discussions to avert a default on U.S. debt days before the June 1 deadline.

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