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The Latest Breaking News from Janet Yellen

US warned debt standoff could hit credit rating

Washington (AFP) - Ratings agency Fitch put the United States on notice Wednesday that its perfect credit rating could be jeopardized if the White House and Republican opposition fail to overcome their impasse on raising the nation's borrowing limit, a week before a key deadline.

AFP

McCarthy signals debt deal optimism as US is put on credit watch

WASHINGTON — House Speaker Kevin McCarthy’s optimism that White House and GOP negotiators would reach a deal in time to avert a potentially catastrophic default didn’t mollify analysts as the U.S. was put on a ratings watch late Wednesday.

Tribune News Service

McCarthy says GOP and White House ‘have time’ to reach debt deal

WASHINGTON — House Speaker Kevin McCarthy expressed optimism Wednesday that White House and GOP negotiators would reach a deal in time to avert a potentially catastrophic U.S. default.

Tribune News Service

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White House still sees path to solution on debt crisis

Washington (AFP) - The Biden administration said Wednesday that it still sees a path to a deal with Republicans on avoiding a "catastrophic" US debt default, as negotiators huddled in the White House.

AFP

GOP, Biden negotiators resume talks amid debt default impasse

WASHINGTON — Negotiators for the White House and House Republicans resumed talks on lifting the U.S. debt ceiling amid an impasse just days before a potentially catastrophic default, according to a person familiar with the matter.

Tribune News Service

Republican Tax Package Could Follow Debt Ceiling Deal

A debt ceiling agreement hasn’t been reached, but there’s talk that Republicans could soon propose a bill to address some key tax changes.

Kiplinger

US lawmakers blame each other for debt ceiling standoff: ‘They are not negotiating’

Democrats and Republicans continue to trade pointed remarks, underscoring that agreement is not in reach to avoid default

The Guardian - US

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Debt Ceiling Crisis: What Did Stocks Do the Last Time the U.S. Nearly Defaulted?

Playing chicken with the debt ceiling has been bad for stocks in the past.

Kiplinger

House Speaker Takes Aggressive Stance on Debt Ceiling Negotiations

House Speaker to the White House: this is no way to run a country.

The Street

One of the world’s best market watchers says there’s ‘zero chance’ the debt crisis isn’t resolved

Wharton professor Jeremy Siegel believes politicians will ultimately come to a compromise to “kick the can down the road” by extending the debt ceiling.

Fortune

Treasury Secretary Janet Yellen Just Announced Some Extremely Distressing News

It’s panic time in Washington, D.C. as the debt ceiling issue puts Uncle Sam on the brink.

The Street

Biden spending freeze plan would save $1 trillion: Treasury

Washington (AFP) - President Joe Biden offered to freeze government spending at current levels during crunch debt talks with Republicans, which would reduce the deficit by $1 trillion, US Treasury Secretary Janet Yellen said Wednesday.

AFP

Social Security, healthcare, veterans likely casualties of US debt default

Washington (AFP) - The White House and Congressional Republicans are still locked in crunch talks to try and avert the first debt default in US history, which Treasury officials have warned could come as soon as June 1.

AFP

Debt Ceiling Drama is Political Theater, Not an Existential Crisis

'It is a tale told by an idiot, full of sound and fury, signifying nothing.' - Shakespeare's 'Macbeth.'

The Street

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The Street

Stocks Lower, Fed Minutes In Focus, Debt Ceiling Talks Stall, Nvidia On Deck, PacWest Leaps - 5 Things To Know

Stock futures slip lower as debt ceiling concerns weigh; Fed minutes in focus as markets seek clarity on rate path; Debt talks at impasse as deadline looms, treasury bill yields jump; Nvidia earnings on deck as investors look to AI impact on chipmakers and PacWest shares gain after real estate…

WEKU

Debt ceiling talks aren't going well. Here's where they stand

House Republicans insist there's a gulf between them and the White House on key areas on how to resolve the looming debt ceiling deadline.

The Independent UK

Just in case: Anxious retirees, social service groups among those making default contingency plans

Politicians in Washington may be offering assurance that the government will figure out a way to avert default, but around the country, economic anxiety is rising and some people already are adjusting their routines

The Independent UK

Marjorie Taylor Greene pays $100k for chapstick used by Kevin McCarthy

‘They doing this insane chapstick s*** while the country teeters on default. Wild,’ Ilhan Omar tweets

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The Guardian - US

Ron DeSantis ‘to announce presidential run on Twitter with Elon Musk’ – as it happened

Florida governor reportedly to officially announce campaign on platform; McCarthy says debt deal possibly by 1 June

Chicago Sun-Times

Debt ceiling explained: Why it’s a struggle in Washington and how the impasse could end

House Speaker Kevin McCarthy says his team and the White House have had ‘productive’ discussions to avert a default on U.S. debt days before the June 1 deadline.

The Guardian - US

Biden and McCarthy hold debt ceiling talks but no deal yet as deadline looms

Republican speaker says he and president had ‘productive’ discussion but that ‘the time of just spending more money is wrong’

AFP

Biden and McCarthy call debt talks 'productive,' but no deal

Washington (AFP) - A top US Republican and President Joe Biden on Monday both said their first one-on-one talks in months to avert a calamitous debt default were "productive," but that disagreements were still blocking any potential deal.

Al Jazeera

Biden and McCarthy resume talks as US debt ceiling deadline looms

Their meeting comes as US Treasury Secretary Janet Yellen issues third letter in three weeks, warning of a June default.

AFP

McCarthy says Biden debt talks 'productive', but no deal

Washington (AFP) - A top US Republican on Monday said his first one-on-one talks in months with President Joe Biden to avert a calamitous debt default were "productive" but that there was still no deal.

AFP

McCarthy, Biden meet on US debt crisis as time runs short

Washington (AFP) - US President Joe Biden said he was "optimistic" as he met Monday with top Republican Kevin McCarthy for their first one-on-one talks in months, with just 10 days left to avert a calamitous debt default.

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