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The Latest Breaking News from Kevin McCarthy

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

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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

White House escalates debt ceiling pressure on eve of McCarthy meeting

"There is no Plan B."

Axios

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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 Independent UK

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

The Guardian - US

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.

Roll Call

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

The Independent UK

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.

Roll Call

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.

Chicago Sun-Times

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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.”

WEKU

Biden and McConnell have a debt limit past. Can they deliver another late-inning save?

McConnell may well wish to wash his hands of this year's blood-letting over the debt limit and all it entails. But he knows it will not be that easy. He may know that better than anyone.

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Chicago Sun-Times

Hero finally home: Army Air Corps pilot killed in WWII makes his final trip back home

The remains of Army Air Corps Lt. Roy Coulson Harms, who was killed during a bombing raid in Romania in 1943, have been returned to family in Grafton, Wis., for burial.

Chicago Sun-Times

Republicans are being dangerous and irresponsible on debt ceiling crisis

Kevin McCarthy combines ambition and weakness. Hard-line Republicans claim to be the saviors of fiscal sanity. Their hypocrisy, even by Washington standards, is stunning, but Biden is taking a risk by not negotiating.

Al Jazeera

Republican debt cap plan to cut US jobs, slow growth: Economist

Moody’s chief economist told a US Senate panel that the Republican plan will ‘meaningfully increase’ recession chances.

The Conversation

Can Biden and McCarthy avert a calamitous debt default? 3 evidence-backed leadership strategies that might help

The U.S. is teetering toward an unprecedented debt default that could come as soon as June 1, 2023.

Reuters

Pope receives U.S. House Speaker Kevin McCarthy

Pope Francis received U.S. House of Representatives Speaker Kevin McCarthy in a private audience on Thursday, the Vatican said.

Axios

"Good riddance": GOP lawmakers' private glee at Tucker Carlson firing

“Tucker being gone makes my life easier with many things including Ukraine,” one GOP lawmaker said

Axios

"Nobody believes her": Republicans believe debt ceiling cliff is further than Yellen claims

Deadlines only work if all the parties actually believe that they are real.

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