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The Latest Breaking News from Kevin McCarthy

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

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.

360info

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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.

ABC News

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 Guardian - US

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

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

The Independent UK

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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.

Axios

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.

Al Jazeera

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

The Independent UK

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.

Axios

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.

The Independent UK

Dow Jones Losses Worsen As McCarthy Jabs Biden Over Debt Ceiling; Warren Buffett Buys This Bank Stock

The Dow Jones fell after Home Depot earnings. Warren Buffett snapped up a new stock. Kevin McCarthy blasted Joe Biden over the debt ceiling.

Investors Business Daily

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.

Roll Call

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Roll Call

McCarthy parries move on Santos expulsion by invoking Ethics Committee - Roll Call

The House will consider this week whether to expel embattled New York GOP Rep. George Santos, after a Democrat forced a vote.

Axios

Democrats float scheme to protect McCarthy from debt ceiling revolt

A McCarthy spokesperson said he has "zero interest" in the "garbage" effort.

Roll Call

Recess starting to feel distant as debt limit deadline nears - Roll Call

The federal government is expected to run out of enough funds to pay all its bills on time as soon as June 1.

WEKU

Biden cuts a planned trip short as debt default threat looms

After a White House meeting Tuesday with top congressional leaders on raising the nation's debt limit, President Biden canceled part of an upcoming trip to focus on the debt ceiling talks.

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The Guardian - US

Biden reportedly cuts Asia trip short as debt ceiling talks enter crunch time – as it happened

President will return to the US on Sunday immediately following G7 to ensure Congress takes action to avoid 1 June default

The Independent UK

Debt ceiling showdown: Biden and congressional leaders to meet as McCarthy pushes for faster deal

President Joe Biden will discuss the debt limit with House Speaker Kevin McCarthy and congressional leaders at the White House

Investors Business Daily

Dow Jones Futures: McCarthy Says Sides Are 'Far Apart' On Debt Ceiling; AI Stock C3.ai Rockets 23%

Dow Jones futures: House Speaker Kevin McCarthy said the sides are "far apart" on debt ceiling talks. AI stock C3.ai rocketed 23%.

Axios

Yellen holds firm on potential June 1 debt ceiling deadline

“I still think we’re far apart,” McCarthy told NBC News on Monday.

Investors Business Daily

Dow Jones Up As McCarthy Gives Debt Ceiling Warning; Activist Investor Targets This Growth Stock

The Dow Jones rose as Kevin McCarthy gave a debt ceiling warning. Microsoft stock rose after a regulator boosted a deal. Meta stock popped.

Roll Call

Parties scramble for deal on debt limit, budget - Roll Call

Democratic and Republican staff negotiators spent the weekend and a good part of Monday trying to get on the same page in debt limit talks.

The Independent UK

Biden, congressional leaders to meet Tuesday for talks on raising the debt limit

President Joe Biden says he will resume talks with congressional leaders at the White House on Tuesday as a standoff over the debt limit pushes the country closer to its legal borrowing limit with no agreement in sight

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