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The Latest Breaking News on Dow Jones Gains Despite Johnson Debt-Plan Hurdles; Cathie Wood Buys This Stock Amid 22% Plunge

Ahead of House debt ceiling vote, Biden shores up Democrats and McCarthy scrambles for GOP support

Hard-fought to the end, the debt ceiling and budget cuts package is heading toward a crucial U.S. House vote

The Independent UK

Debt limit agreement clears first hurdle despite Republican anger. Here’s what happens next

The bill is set for a Wednesday vote in the House despite multiple Republicans criticising it

The Independent UK

Where the debt ceiling debate hits you at home and in the bank

It’s not just another case of political bickering, as money Americans get from a wide range of programs is at stake.

Chicago Sun-Times

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Stocks Settle Mixed as Euphoria Over Debt-Ceiling Agreement Fades

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday was unchanged, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.15%, and the Nasdaq 100 Index ($IU XX) (QQQ ) closed up +0.40%. Stock indexes Tuesday settled mixed, with the Nasdaq 100 posting...

Barchart

Stock Market Today: Stocks Give Back Big Debt Ceiling Deal Gains

The major benchmarks opened solidly higher Tuesday after lawmakers announced a debt ceiling deal, but optimism faded into the close.

Kiplinger

Debt limit deal is in place, but budget deficit is still a multi-decade challenge for US government

Even with new spending restraints included in the congressional debt limit deal, the U.S. government’s deficits are still on course to keep climbing to record levels over the next few decades

The Independent UK

Nasdaq Leads Upside In Mixed Stock Market; What Is The Next Entry Point In Palantir Stock?

Looking at the top industry groups of the day, a handful claimed gains of 2% or more.

Investors Business Daily

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Stocks Decline as Debt Ceiling Agreement Heads to the House

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.31%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.48%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.05%. Over the weekend a tentative agreement was reached between...

Barchart

US debt limit deal: How we got here

Bipartisan deal to raise debt ceiling and avoid ‘disastrous’ default heads to US Congress after weeks-long impasse.

Al Jazeera

What GOP got for pushing US to the brink

Republicans didn’t get most of what they sought in a bill they passed in April – though they did get some of it

Salon

US debt ceiling deal: what has to happen now to get it passed?

Lawmakers are scrambling to push through Biden-McCarthy deal by 5 June to avoid default disaster – what is the process?

The Guardian - US

Stocks See Support from Debt Ceiling Agreement

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.22%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.92%. U.S. stocks this morning are mixed, with the S&P...

Barchart

Stock Market Trims Gains Ahead Of Debt-Ceiling Votes; These 3 Stocks Top Buy Points

Artificial-intelligence related stocks led the stock market with Arista Networks hitting a buy point.

Investors Business Daily

Debt Ceiling Bill 'Locks in the Inflated Spending Levels of Recent Years'

Plus: Artificial intelligence and jobs, how government caused a lifeguard shortage, and more...

Reason

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The Guardian - US

US debt ceiling deal: House rules committee debates bill amid criticism on both sides – as it happened

Committee debate comes amid opposition from both sides to agreement that would stave off a catastrophic default

Barchart

Markets Today: Stocks Climb on a Tentative Deal to Raise the Debt Ceiling

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.61% at a 9-1/2 month high, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +1.46% at a 13-1/2 month high. U.S. stock index futures this morning are moderately higher after a tentative agreement was reached...

The Conversation

COVID-19 clawbacks, spending caps and a cut – what House Republicans got in return for pushing the US to the brink of default

House Republicans pushed the U.S. to the edge of a fiscal crisis because they wanted deep cuts in government spending.

The Guardian - UK

First Thing: White House pushes for support on debt ceiling deal

Some in Congress question if they received enough concessions in bipartisan deal. Plus, Cop28 president accused of ‘greenwashing’

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Barchart

Stocks Set to Open Higher as Investors Weigh U.S. Debt Ceiling Deal

June S&P 500 futures (ESM23) are up +0.53%, and June Nasdaq 100 E-Mini futures (NQM23) are up +1.09% this morning on hopes that Congress will pass a debt ceiling bill to avert a first-ever U.S. default.

Barchart

Stocks Set to Open Higher as Investors Weight U.S. Debt Ceiling Deal

Zenger

Biden, McCarthy Confident Final Debt Ceiling Deal Will Gain Momentum

President Joe Biden and House Speaker Kevin McCarthy reached the final agreement in principle on Sunday on a deal to raise the country's debt ceiling

WEKU

Biden and McCarthy reach a deal to avoid default. Here's what's in it

While the bill raises the debt ceiling, it also affects a wide range of people by limiting spending and changing guidelines around food stamps and student loans.

The Independent UK

Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead

After weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have struck an agreement to avert a potentially devastating government default

Chicago Sun-Times

Biden and McCarthy reach a final deal to avoid U.S. default; now it’s up to Congress

Speaker Kevin McCarthy and President Joe Biden announce a deal to avert a default on June 5. The plan includes spending cuts that could anger some lawmakers.

The New Daily

Debt ceiling deal ready for Congress vote: Biden

US President Joe Biden has urged Congress to pass the tentative debt ceiling deal he reached with Republican House Speaker Kevin McCarthy.

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