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The Latest Breaking News from Kevin McCarthy

Debt Ceiling Deal Curtails GOP-Backed Budget Cuts, Spending Caps

The deal will freeze non-military discretionary spending this year and allow a 1 percent increase in 2024.

Reason

"Thread the needle": Party leaders sell divergent realities on debt ceiling deal

"Either side bragging too much about their wins scares people and costs votes."

Axios

Debt ceiling negotiators reach a deal: 5 essential reads about the tentative accord, brinkmanship and the danger of default

President Joe Biden and House Speaker Kevin McCarthy on May 27, 2023, agreed in principle to a tentative deal that would raise the debt ceiling while capping some federal spending at current levels.

The Conversation

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The debt ceiling deal isn’t perfect but it’s the only one – and it must pass

What happens from here depends on how many members of the House prefer governing to chaos

The Guardian - US

McCarthy and Biden's debt ceiling plan faces a big test

The stakes are especially high for McCarthy, whose survival as speaker could be at stake.

Axios

Debt ceiling deal slammed as "cruel"

"Hungry people are set to lose food while tax cheats get a free pass"

Salon

AP News Digest 8:40 a.m.

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan.

The Independent UK

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Democrats and Republicans agree to raise US debt ceiling

Joe Biden says agreement is ‘a compromise’ but hails it as ‘good news for the American people’

Evening Standard

Debt-ceiling deal: What's in and what's out of the agreement to avert US default

President Joe Biden and House Speaker Kevin McCarthy have reached an agreement in principle on legislation to increase the nation's borrowing authority and avoid a default

The Independent UK

Biden, GOP reach debt-ceiling deal, now Congress must approve it to prevent calamitous default

President Joe Biden and House Speaker Kevin McCarthy have reached an “agreement in principle” to resolve the looming debt crisis

The Independent UK

Debt ceiling tests McCarthy, as GOP speaker rides breezily through fight of his career

Kevin McCarthy was never Washington’s bet to become House speaker

The Independent UK

What's next on the debt ceiling: Selling the plan, and making a deal into a law

After weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have announced an “agreement in principle” to raise the nation’s debt ceiling and avoid a potentially catastrophic default

The Independent UK

Biden, GOP reach tentative deal to raise debt ceiling, avoid calamitous US default

With the outlines of a deal in place, the legislative package could be drafted and shared with lawmakers in time for votes early next week in the House and later in the Senate.

Chicago Sun-Times

Biden, McCarthy reach tentative deal to raise US debt ceiling

Deal raises debt limit for two years while capping spending, but uncertainty remains on whether it can pass Congress.

Al Jazeera

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Bangkok Post

Biden cuts deal in principle with Republicans to avert catastrophic US default

WASHINGTON - US President Joe Biden and Republican lawmakers struck a deal in principle to raise the country's debt ceiling Saturday, in a crucial first step towards eliminating the threat of a disastrous default with just days to spare.

Reuters

Biden, McCarthy reach tentative US debt ceiling deal

U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to suspend the federal government's $31.4 trillion debt ceiling on Saturday evening, ending a months-long stalemate.

The New Daily

Tentative deal struck to raise US debt limit and avert default crisis

Biden and top Republican Kevin McCarthy have reached a tentative deal to raise the federal government's $US31.4 trillion debt ceiling

ABC News

Joe Biden and Kevin McCarthy reach 'agreement in principle' on US debt ceiling

US House Speaker Kevin McCarthy and President Joe Biden race to strike a deal to limit federal spending and resolve the looming debt crisis ahead of a June 5 deadline.

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The Independent UK

Debt ceiling deal reached between Biden and McCarthy

Tentative deal will avert a worldwide financial catastrophe

The Guardian - US

Biden and McCarthy reach ‘in principle’ deal to raise debt ceiling days before US default

Agreement will reportedly raise debt limit for two years, but deal still needs approval from a divided US congress

The Guardian - US

Biden and McCarthy hold debt ceiling talks amid signs a deal is close

Default deadline pushed to 5 June as work requirements for food aid recipients reportedly emerge as final sticking point

Salon

Russ Vought: GOP's far-right mastermind

How onetime budget wonk Russ Vought joined the culture war — and built a strategic plan for conservatives in exile

Wales Online

Biden confident global economic disaster can be avoided over next few days

US government’s debt ceiling crisis 'very close' to being resolved

Axios

Sen. Kyrsten Sinema enters debt ceiling talks to try to resolve split on energy permitting

Her late entrance signals that negotiators are exploring new ways to solve thorny issues.

Fortune

Democratic veterans from 2 decades of budget wars say the national debt isn't worth holding the U.S. and global economy 'hostage'

"If the future is what you care about, then doing things that hurt the future doesn't make sense.”

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