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The Latest Breaking News from Kevin McCarthy

Stocks See Debt Deal As Avoiding Default, But Not Sparking Rally

The debt ceiling horse may have been wrangled, but it's not in the barn yet, and markets aren't ready to rally until the House votes to support it.

The Street

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

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

The Guardian - US

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GOP leaders bullish on debt ceiling vote despite rebellion

Conservatives and fiscal hawks say the bill doesn't cut spending enough.

Axios

Stock market today: Asia shares mixed as investors await debt ceiling vote, eye China economy

Asian shares are mixed in directionless trading following a U.S. holiday, as optimism about a deal on the U.S. debt was dented by worries about the regional economy

The Independent UK

Crucial days ahead as debt ceiling deal goes for vote and Biden calls lawmakers for support

President Joe Biden says he “feels good” about the debt ceiling and budget deal negotiated with House Speaker Kevin McCarthy

The Independent UK

Nvidia CEO Jensen Huang says the A.I. frenzy marks the 'rebirth of the computer industry'

Nvidia is riding the A.I. wave to a nearly trillion-dollar valuation.

Fortune

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US political leaders push for lawmakers’ support on debt ceiling deal

Some members of Congress question if they received enough concessions in Biden and McCarthy’s agreement

The Guardian - US

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

Zenger

US debt ceiling deal: what’s in and out of Biden and McCarthy’s agreement

Speaker Kevin McCarthy says the House will vote Wednesday on the deal he struck with the president – here are the details of the 99-page bill

The Guardian - US

Inside Biden’s relentless soft-sell on the debt ceiling bill

Several Democrats came out of a White House briefing more secure about voting for the bill.

Axios

First Thing: Biden hails debt ceiling deal, prepares Congress sell

President says agreement protects ‘historic economic recovery’. Plus Turkey’s Erdoğan celebrates extending his two decades in power

The Guardian - UK

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.

WEKU

Two year budget deal to avoid US debt default set for Congress vote

US President Joe Biden has announced that an agreement has been brokered with Republican House Speaker Kevin McCarthy to raise the government's debt ceiling This pivotal piece of legislation, now poised for a vote in Congress, requires a simple majority for its enactment. If passed, it would circumvent an unprecedented…

France 24

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The Conversation

Can high-stakes debt-ceiling brinkmanship in the US lead to unprecedented political unity?

Congress appears to be on the cusp of passing legislation that would not only avoid an unprecedented US government default – and economic catastrophe – but also provide some much-needed political stability in Washington.

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

The Independent UK

Stock market today: Asian markets mostly higher after Biden-McCarthy deal on US debt

Asian shares are mostly higher after President Joe Biden and House Speaker Kevin McCarthy reached a final agreement on a deal to raise the U.S. national debt ceiling

Axios

Biden and McCarthy tout "historic" debt ceiling deal to a divided Congress

Some conservative Republicans and progressive Democrats have criticized the deal.

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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.

Axios

Read: Kevin McCarthy releases text of bill to raise debt ceiling limit and avoid default

Read the bill's text in full here.

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.

France 24

Biden, McCarthy reach final deal on debt ceiling days before potential default

With days to spare before a potential first-ever government default, President Joe Biden and House Speaker Kevin McCarthy reached final agreement Sunday on a deal to raise the nation's debt ceiling and worked to ensure enough Republican and Democratic votes to pass the measure in the coming week.

The Guardian - US

Biden, McCarthy agree to raise US debt ceiling – what’s in the deal?

Sources reveal discretionary spending cap and changes to the federal food program, among other details

Roll Call

Bipartisan debt limit package unveiled as clock ticks toward 'x date' - Roll Call

House GOP leaders released the legislative text of their deal with the White House to suspend the debt ceiling until 2025.

The Independent UK

Debt ceiling agreement gets thumbs up from biz groups, jeers from some on political right

The reviews are starting to come in as details emerge about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy

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