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The Latest Breaking News on Washington blinks as debt costs begin to bite

Biden vetoes effort to block student loan forgiveness - Roll Call

Biden's plan to forgive up to $20,000 in student debt per borrower has been criticized as unfair to Americans without loans.

Roll Call

Deeper spending cuts may be in play to break House deadlock - Roll Call

Facing a right-flank revolt, Speaker Kevin McCarthy may be open to lower spending next year than Congress agreed to last week.

Roll Call

House conservatives block GOP bills, voice frustration in response to last week's debt ceiling vote

Eleven House conservatives have staged a mini-revolt as part of the fallout from last week’s vote to lift the debt ceiling

The Independent UK

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US debt ceiling battle rekindles debate over Ukraine funds

The battle to raise the U.S. debt ceiling rekindled debate in Congress over funding for Ukraine, as House of Representatives Speaker Kevin McCarthy said on Tuesday he had no immediate plans to take up legislation to boost defense spending beyond what was in last week's deal.

Reuters

Political compromises – like the debt-limit deal – have never been substitutes for lasting solutions

The compromise to avoid default on the U.S. debt passed muster, eventually. President Joe Biden and Speaker of the House Kevin McCarthy pulled it off.

The Conversation

IRS budget battle not over after debt ceiling agreement - Roll Call

A handshake deal to redirect IRS funding to offset tight spending caps for other domestic programs won’t mark the end of a partisan battle.

Roll Call

Five things the US debt-ceiling deal suggests about the future

Now that Biden has signed the deal into law, what can we expect in the next 17 months leading up to the 2024 election?

The Guardian - US

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Vulnerable lawmakers can relax after debt ceiling compromise

Lawmakers in swing districts — from both parties — are breathing a sigh of relief.

Axios

Debt ceiling "Nothing to brag about"

"It was critical to reach an agreement and it's very good news for the American people," Biden said on Friday

Salon

Biden signs debt ceiling bill after hailing bipartisan deal with McCarthy and calling for unity

White House announced the private signing on Saturday afternoon

The Independent UK

Biden signs debt ceiling bill into law, averting default

WASHINGTON - US President Joe Biden on Saturday signed into law a debt ceiling bill passed by Congress after weeks of wrangling, moving to avert a catastrophic, self-induced default in the world's biggest economy.

Bangkok Post

Biden signs debt ceiling bill after months-long standoff, avoiding default

Kevin McCarthy, the House speaker, secured a number of cuts on federal spending, with the borrowing limit suspended until 2025

The Guardian - US

Biden signs bill to raise debt ceiling just days before doom deadline

President Joe Biden has signed legislation that lifts the nation's debt ceiling, after a bipartisan deal with Republican House Speaker Kevin McCarthy. The deal avoids an unprecedented default on the federal government's debt

Daily Mirror

Debt deal imposes new work requirements for food aid and that frustrates many Democrats

Democrats are deeply conflicted about the food aid requirements that President Joe Biden negotiated as part of the debt ceiling deal

The Independent UK

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The Independent UK

Biden expected to sign budget deal to raise debt ceiling

President Joe Biden is expected to sign legislation to raise the debt ceiling on Saturday, preventing a potential crisis that would have led to the country's first-ever government default and sent shock waves through the U.S. and global economies

ABC News

Joe Biden celebrates a 'crisis averted' in Oval Office address on bipartisan debt ceiling deal

US President Joe Biden declares a "crisis averted" in his first address from the White House's Oval Office, touting the passage of a bill to suspend the US debt ceiling and avoid economic catastrophe.

Al Jazeera

Biden delivers first Oval Office address, touts debt-ceiling win

US President is set to sign into law a bipartisan agreement to lift the government’s borrowing limit, averting ‘crisis’.

The Guardian - US

Biden praises passage of debt ceiling bill in Oval Office address ahead of signing it

President described how ‘no one got everything they wanted, but the American people got what they needed’ during brief speech

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The Independent UK

Biden calls for national unity as he hails debt limit agreement in Oval Office address

President’s first formal Oval Office address comes as he prepares to sign bipartisan legislation to avert a default on America’s sovereign debt

WEKU

Biden signs bipartisan deal to avert debt default

The president's signature came hours after he outlined the economic stakes that leaders faced and declared that a crisis had been averted.

Capital & Main

Debt Ceiling Agreement Mostly Spares Biden’s Investments in Clean Energy, Infrastructure

The president’s new economic paradigm for large-scale government intervention is largely untouched by the deal with Republicans.

The Independent UK

Deal approved, Biden will address budget, debt agreement from Oval Office Friday evening

President Joe Biden will speak Friday evening from the Oval Office as he addresses the nation on the budget deal that lifts the federal debt limit

WEKU

Senate passes GOP-led resolution to block Biden's student loan relief plan

With President Biden pledging a veto, the resolution amounts to a mostly symbolic show of congressional disapproval on a plan to cancel up to $20,000 in federal student loan debt.

Roll Call

Photos of the week — debt limit edition - Roll Call

CQ Roll Call’s photojournalists caught all the action this week as both chambers worked to pass the debt limit bill.

The Guardian - US

Joe Biden hails ‘big win’ as bipartisan debt ceiling bill reaches his desk

Compromise package to suspend debt ceiling passed US Senate late on Thursday with 63 votes to 36

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