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

I could not, in good conscience, vote for the debt ceiling bill

This bill cuts programs for the most vulnerable, and is totally unnecessary – why doesn’t Biden invoke the 14th amendment?

The Guardian - US

Kevin McCarthy’s victory lap over the debt ceiling bill could end early

Hard-right Freedom Caucus members argued the deal should have enacted deeper spending cuts and shorter borrowing limits

The Guardian - US

First Thing: US debt ceiling deal passes Senate, averting catastrophic federal default

Days before the 5 June default deadline, Joe Biden has indicated he will sign the bill as soon as it reaches his desk. Plus, the work of Bruno Pereira and Dom Phillips goes on in the Amazon

The Guardian - UK

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US averts first-ever default with 11th-hour debt deal

WASHINGTON: United States senators voted to suspend the federal debt limit Thursday, capping weeks of fraught negotiations to eliminate the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury.

Bangkok Post

Senate passes debt limit bill after marathon 11 amendment votes to avoid default

The bill goes to President Joe Biden’s desk before the United States would default on its debt

The Independent UK

Debt ceiling bill clears Senate, heads to Biden's desk

It means the U.S. will avert a potentially catastrophic default on its debt obligations.

Axios

Crisis averted as Senate sends debt limit package to Biden - Roll Call

The Senate cleared a bill that would suspend the statutory $31.4 trillion debt ceiling and impose two years of caps on discretionary spending.

Roll Call

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Deal to raise debt ceiling passes US Senate, heads to Biden

The vote comes as the US hurtles towards a June 5 deadline to raise the government borrowing limit or face default.

Al Jazeera

Senate sends debt ceiling legislation to President Biden's desk with days to spare

As the threat of a financial default neared, the Senate approved compromise, bipartisan legislation to lift the debt ceiling with just days to spare.

WEKU

'Shrink the room:' How Biden and McCarthy struck a debt-limit deal and staved off a catastrophe

Perhaps most critical to locking up the debt-limit deal were President Joe Biden and House Speaker Kevin McCarthy’s five handpicked negotiators, three men and two women unknown to most outside government

The Independent UK

Debt ceiling vote: takeaways and how the Illinois congressional delegation voted

When Rep. Jan Schakowsky, D-Ill., was sure there were enough votes to pass the debt ceiling measure, she voted no. But if her vote was needed, she would have been a yes.

Chicago Sun-Times

US debt ceiling deal narrowly passes Senate averting catastrophic federal default

With just days before the 5 June default deadline, president Joe Biden has indicated he will sign the bill as soon as it reaches his desk

The Guardian - US

GOP targets Social Security, Medicare

McCarthy intends to announce a bipartisan "commission" to examine ways to cut vital programs

Salon

Senate passes GOP bill overturning student loan cancellation, teeing it up for Biden veto

A Republican measure overturning President Joe Biden’s student loan cancellation plan has passed the Senate and now awaits an expected veto

The Independent UK

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The Independent UK

Biden and McCarthy’s debt limit deal went through – but there are winners and losers

Student debtors and SNAP recipients will pay a price

Chicago Sun-Times

Debt ceiling: Senate races to wrap up Biden-McCarthy deal before default deadline

Fast action is vital if Washington is to meet next Monday’s deadline when Treasury has said the U.S. will start running short of cash to pay its bills, risking a devastating default.

Fortune

Millennials have been racing ‘against the clock’ to save thousands during the student loan payment pause

The student loan pause was the first break for millennials since they graduated into the Great Recession. Now, they're bracing for payments to restart.

The Independent UK

What’s next for Biden-McCarthy debt ceiling deal as Senate races to beat default deadline?

Senate must pass the bill by 5 June to avoid a default on the nation’s debt.

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Roll Call

Senate clears repeal of Biden student loan forgiveness plan - Roll Call

The Senate cleared a resolution to repeal Biden's student loan relief plan, but the president is expected to veto it.

The Guardian - US

Biden falls on stage at Air Force Academy ceremony; Senate blocks student relief program – as it happened

US president took a tumble at the end of a ceremony honoring air force graduates in Colorado; White House vows to use veto

The Guardian - US

Apostle of bipartisanship: why US debt ceiling deal was a victory for Joe Biden

Bipartisan agreement to suspend the $31.4tn debt ceiling passed US House, allowing president to argue only he can bridge divide

The Guardian - US

The debt ceiling fight was never about debt. It was about Republican power

In a democracy, this type of extortion should not be permitted – but Republican rule isn’t based on democracy

WEKU

'This is a compromise': How the White House is defending the debt ceiling bill

The House's debt ceiling bill has critics on both sides. Bharat Ramamurti, the deputy director of the National Economic Council, says the administration was able to secure some of its key priorities.

The Independent UK

What’s in the cliffhanger deal struck by Biden and McCarthy to raise the debt limit?

Agreement will prevent US from defaulting on loans and losing credit rating

The Guardian - UK

First Thing: Bill to raise debt ceiling passes days before default

The House passed a deal brokered by Joe Biden and Republican House speaker Kevin McCarthy with a final vote of 314 to 117

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