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The Latest Breaking News from Kevin McCarthy

Stocks Move Higher Before the Open on U.S. Debt Deal Optimism, Walmart Earnings on Tap

June S&P 500 futures (ESM23) are up +0.08%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.15% this morning after three major U.S. benchmark indices rallied on Wednesday as hopes of a deal to raise the U.S. debt limit and a jump in regional bank stocks boosted risk appetite.

Barchart

George Santos says Congress is like ‘Mean Girls’: ‘I’m Cady’

Santos faces a potential expulsion vote in the House

The Independent UK

AOC heckles George Santos after Congress votes on his future: ‘Resign! Resign bro!’

‘New Yorkers need better!’

The Independent UK

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New work requirements for federal aid? GOP pushes proposals in debt talks

Work requirements for federal aid programs have emerged as a sticking point in ongoing negotiations over raising the nation’s debt ceiling, and President Joe Biden has signaled openness to a possible compromise even as many in his party have balked

The Independent UK

Who's who in the debt limit fight: Meet the four negotiators who could save the US from default

President Joe Biden and House Speaker Kevin McCarthy are turning to a select group of negotiators to help broker a deal to increase the nation’s borrowing authority and avoid the economic carnage that would ensue if a deal is not reached soon

The Independent UK

House votes to refer Santos matter to Ethics panel - Roll Call

The House voted Wednesday to refer to the Ethics Committee a Democrat-led resolution to expel indicted New York GOP Rep. George Santos.

Roll Call

Biden, top Republican say confident debt default will be averted

Experts say a default would be catastrophic for US economy, but political standoff has persisted as deadline looms.

Al Jazeera

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Biden off to Japan for Group of Seven summit, says there's 'work to do' on global stage

President Joe Biden declared Wednesday there’s “work to do” on the global stage as he headed to Japan to consult with allies on Russia’s invasion of Ukraine and China’s assertive influence in the Pacific

The Independent UK

Party leaders optimistic as debt limit negotiators get to work - Roll Call

Negotiators tapped by President Joe Biden and Speaker Kevin McCarthy to hash out a debt limit compromise were racing against the clock.

Roll Call

Biden says he’s ‘confident’ US won’t default on debt

‘America will not default,’ President Biden says

The Independent UK

Biden 'confident' there will be no U.S. debt default

President Joe Biden said Wednesday that he was “confident” that the U.S. would avoid an unprecedented and catastrophic debt default, saying the talks were productive as he prepared to leave for a global summit in Japan

The Independent UK

Democratic senators urge Biden to invoke 14th amendment to prevent debt default – as it happened

Senators want to use amendment that says validity of US debt cannot be questioned, arguing Republicans not acting in good faith

The Guardian - US

McCarthy called Biden's bluff on the debt ceiling

"They're negotiating now and they weren’t doing it before," one Republican told Axios.

Axios

George Santos: Democrats move to expel indicted Republican from Congress

New York representative is subject of a privileged resolution, which would need two-thirds support to succeed

The Guardian - US

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360info

How the US could easily avoid default

As the US hits its $31 trillion debt ceiling, there's a danger it could default. Yet the solution to avoiding the debt ceiling is surprisingly simple.

ABC News

What is the US debt ceiling? How does it affect the economy? Could Australia be impacted?

The United States is rapidly running out of money to pay its bills unless the Republicans and Democrats can agree on a new deal. Here's how the US got here, and what it means for Australia.

The Guardian - US

Biden cancels Australia and Papua New Guinea visit as debt limit crisis looms

President, who will still visit Japan for G7 summit, hosts new talks with congressional leaders

The Independent UK

House lawmakers could decide whether to expel George Santos. He says Democrats want to ‘play judge and jury’

Democrats back a resolution to remove the scandal-plagued congressman after federal fraud charges

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The Independent UK

George Santos expulsion coming before House as Democrats force vote

House Democrats are seeking to force a vote on expelling Rep. George Santos from Congress

Axios

Biden agrees to direct debt ceiling talks with House GOP

"It is possible to get a deal by the end of the week," said McCarthy.

Al Jazeera

What to expect as the US continues with debt ceiling negotiations

Republican lawmakers continue to insist on cuts to social programmes as US debt default looms on the horizon.

The Independent UK

Biden’s trip abroad in limbo as leaders scramble to avoid debt default

Mr Biden may nix travel to Australia and Papua New Guinea so he can be present for negotiations over raising the government’s statutory debt limit

Axios

Biden shortening overseas trip ahead of debt ceiling deadline

Biden will miss the first-ever visit to Papua New Guinea by a U.S. president.

The Independent UK

Watch: Kevin McCarthy holds press conference after talks with Joe Biden over debt ceiling standoff

Watch House speaker Kevin McCarthy hold a press conference after a behind-closed-doors meeting between Joe Biden and congressional leaders about the US debt ceiling.

Roll Call

Debt limit talks pared down to proxies for Biden, McCarthy - Roll Call

President Joe Biden and Speaker Kevin McCarthy on Tuesday tapped proxies to negotiate directly over how to increase the debt limit.

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