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The Latest Breaking News from Kevin McCarthy

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.

Roll Call

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

The Guardian - US

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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

The Guardian - UK

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."

Axios

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

The Independent UK

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

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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.

Tribune News Service

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.

Chicago Sun-Times

Biden and McCarthy hold debt ceiling talks but no deal yet as deadline looms

Republican speaker says he and president had ‘productive’ discussion but that ‘the time of just spending more money is wrong’

The Guardian - US

Biden and McCarthy resume talks as US debt ceiling deadline looms

Their meeting comes as US Treasury Secretary Janet Yellen issues third letter in three weeks, warning of a June default.

Al Jazeera

Biden ‘optimistic’ about McCarthy negotiations as AOC slams ‘dysfunctional’ debt ceiling system

Just 10 days remain until the US will lose the ability to pay its outstanding bills

The Independent UK

Biden, McCarthy have productive talk on debt but no deal yet

WASHINGTON — House Speaker Kevin McCarthy said he and President Joe Biden had a productive talk but have not yet reached a deal to avert a catastrophic U.S. debt default.

Tribune News Service

Yellen triples down on debt ceiling deadline

President Biden and Speaker McCarthy are scheduled to meet tonight.

Axios

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Roll Call

McCarthy: No deal yet, but debt limit meeting 'productive' - Roll Call

Speaker Kevin McCarthy said he and President Joe Biden on Monday had their best meeting yet on how to lift the statutory debt limit.

Kiplinger

Stock Market Today: Stocks Waver Ahead of Biden, McCarthy Debt Ceiling Talks

The major indexes made modest moves today as investors kept a cautious eye on debt ceiling discussions.

Salon

Comer brags Biden probe boosting Trump

The interview was reminiscent of Kevin McCarthy’s 2015 Benghazi gaffe about Hillary Clinton

Chicago Sun-Times

Don’t let communities lose power that helps ensure environmental justice

What’s at stake is the process for protecting our air, water and land from what may be irreparable environmental harm. The fight is so important that House Speaker Kevin McCarthy has tied it to the debt ceiling crisis, Ben Jealous writes.

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Tribune News Service

Debt-limit talks productive ahead of Biden meeting, McCarthy says

House Speaker Kevin McCarthy said debt-limit discussions Monday morning with White House negotiators were productive ahead of a planned meeting later in the day with President Joe Biden.

Roll Call

McCarthy says debt limit deal with Biden possible - Roll Call

Speaker Kevin McCarthy said key decisions could be made by the two parties’ chief debt limit negotiators when they meet on Monday evening.

The Guardian - US

Debt ceiling showdowns aren’t new – but this time gonzo Republicans are ready to blow up the economy

Republicans like Marjorie Taylor Greene and nihilists like Trump are more committed to gaining power than to cutting the government debt

Tribune News Service

Biden, McCarthy will attempt to salvage debt limit deal

President Joe Biden and Speaker Kevin McCarthy plan to meet Monday afternoon to discuss how to raise the debt limit after a weekend of negotiations by proxies left each side accusing the other of throwing up new roadblocks to a deal.

The Guardian - US

Tim Scott says ‘I’m running for president of the United States’ in announcement speech – as it happened

South Carolina senator makes speech referencing work and immigration as he announces campaign to run for Republican nomination in 2024 race

Zenger

Oil Prices On The Brink Of Surging As Debt Default Looms

Debt ceiling talks between the White House and Congress as the stock market plunges and the oil prices increases.

Fortune

Goldman Sachs estimates Janet Yellen has two more weeks before running out of cash

The U.S. government's cash reserves are dwindling, and soon the Treasury will have to flood the market with over half a trillion dollars in new IOUs.

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