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The Latest Breaking News from Kevin McCarthy

GOP patience with George Santos wears thin

"The sooner he leaves, the sooner we can win the seat with someone who isn’t a liar.”

Axios

Rep. George Santos faces federal criminal charge

Rep. George Santos, a Republican from New York, has faced controversy, calls for his resignation and probes over his many falsehoods. Now he faces a federal criminal charge.

WEKU

McCarthy says ‘no movement’ from meeting over debt ceiling with Biden as GOP continues holding US economy hostage

‘Everybody in this meeting reiterated the positions they were at,’ House speaker tells reporters

The Independent UK

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McCarthy blasts Biden after White House debt ceiling meeting

“The progress that was made was that we were actually able to meet.”

Axios

Federal prosecutors file criminal charges against New York congressman George Santos

Authorities have reportedly been investigating the congressman for campaign finance violations

The Independent UK

Dow Jones Futures Fall Ahead Of Inflation Report; Airbnb Plunges On Guidance

The market rally fell near 2023 highs with a key inflation report due. Airbnb and Celsius were big earnings movers late.

Investors Business Daily

Dow Jones Falls As McCarthy Makes Debt Ceiling Pledge; PayPal Plummets

The Dow Jones struggled as House Speaker Kevin McCarthy made a debt ceiling pledge. Palantir stock soared on AI buzz. PayPal stock dived.

Investors Business Daily

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Biden provokes key Republicans with New York debt ceiling trip

“I really don’t see how his presence in New York districts … adds any value."

Axios

No debt deal, but Biden, Hill leaders agree to meet again - Roll Call

President Joe Biden and Speaker Kevin McCarthy didn't appear to get any closer to agreement on how to raise the debt ceiling.

Roll Call

Biden Falsely Bragged About Lowering the Budget Deficit. Now, It Is Predictably Rising Again.

Last year, Biden was trying to take credit for "the largest drop ever" in the federal budget deficit. Now, the deficit is almost three times as large as it was a year ago.

Reason

House goes virtual: Yoon address showcases chamber’s new VR capability - Roll Call

Speaker Kevin McCarthy gave the American public a never-before-seen perspective of the House by adding virtual reality coverage.

Roll Call

Path to a debt-ceiling deal: Fail, then succeed

Failure is not an option in the debt-ceiling talks. But flirting with it may be necessary to reach a deal.

Axios

Biden and congressional leaders met about the debt limit. They'll talk again on Friday

The government could run out of money to pay its bills as soon as June 1. President Biden said talks were "productive" though Speaker Kevin McCarthy said "I didn't see any new movement."

WEKU

Deal or default? Biden, GOP must decide what's on the table

Before President Joe Biden and congressional leaders can even try to avert an unprecedented U.S. government default, their initial challenge on Tuesday will be to agree on what exactly they’re talking about as they hold their first substantive meeting in months

The Independent UK

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Axios

White House escalates debt ceiling pressure on eve of McCarthy meeting

"There is no Plan B."

The Independent UK

Biden and McCarthy set for Oval Office showdown as US edges closer to defaulting on debt

Experts say a failure to raise the debt limit would force the government to default on its debt and precipitate a worldwide financial crisis.

The Independent UK

Chaos? Kumbaya? How the debt limit standoff might end

Just how does this debt limit standoff end

The Guardian - US

Should US get rid of debt ceiling altogether? Lawmakers consider it as crisis looms

Its weaponization threatens US economic standing, so some are considering doing away with the ‘anachronistic’ rule

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Roll Call

Debt limit veterans look for hopeful signs in Tuesday's meeting - Roll Call

The White House meeting comes a little over three weeks before the federal government could run out of borrowing room.

The Independent UK

Debt options abound, but can Biden, McCarthy strike a deal?

The White House and Congress could strike a deal to raise the debt ceiling in exchange for budget cuts

Roll Call

Most vulnerable House list runs through New York, California - Roll Call

New York Republicans dominate the Roll Call's first list of vulnerable House incumbents up for reelection in November 2024.

Chicago Sun-Times

Janet Yellen: ‘No good options’ if Congress fails to act on debt ceiling

The Treasury secretary paints a dire picture of what might happen if the borrowing limit is not increased before the department runs out of what it calls ‘extraordinary measures’ to operate under the current cap.

The Independent UK

Yellen: 'No good options' if Congress fails to act on debt

Treasury Secretary Janet Yellen says there are “no good options” for the United States to avoid an economic “calamity” if Congress fails to raise the nation’s $31 trillion-plus borrowing limit in the coming weeks

Kiplinger

Debt Ceiling Compromise Likely to Avert a Default: Kiplinger Economic Forecasts

Axios

GOP moderates privately panic over debt ceiling deal

"This looks messy but just look at the results — we got it done.”

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