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The Latest Breaking News from Kevin McCarthy

Look who's talking: Biden goes quiet in debt-limit talks, while McCarthy can't stop chatting

President Joe Biden has made a deliberate decision to go quiet as his team gets down to the wire in the debt-limit talks, according to White House officials

The Independent UK

McCarthy faces pressure from conservatives vital to his job as debt talks resume

WASHINGTON — House conservatives ratcheted up pressure on Speaker Kevin McCarthy to hold firm in talks over raising the debt ceiling just days before a potentially catastrophic U.S. default.

Tribune News Service

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

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George Santos secures three mystery guarantors for $500,000 bail in fraud case

George Santos, the embattled Republican congressman charged by the U.S. with fraud and money laundering, has secured three mystery guarantors for his $500,000 bond.

Tribune News Service

Want to solve the debt ceiling crisis? Let Congress actually vote

A majority of lawmakers want a solution; their leaders should let them enact it

Fortune

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

Massive money manager Pimco likens passing a debt ceiling deal to passing a kidney stone: ‘We are in the painful period right now’

“We know it will pass, it is just a question of how painful it will be,” Pimco’s Libby Cantrill wrote Wednesday.

Fortune

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Debt limit vibe back on the upswing after White House meeting - Roll Call

Speaker Kevin McCarthy said Wednesday that negotiations to lift the statutory debt limit are going better than they had been a day earlier.

Roll Call

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

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

MTG bought McCarthy's used Chapstick

The House GOP caucus "auctioned off" lip balm used by the House speaker amid debt ceiling negotiations

Salon

Watch as Kevin McCarthy provides update on debt crisis as ceiling deadline looms

Watch as Kevin McCarthy holds a news briefing in the Capitol to speak on the US debt crisis.

The Independent UK

Debt-limit talks stall as time runs short to avert US default

Debt limit talks in Washington have hit a fresh impasse with negotiators far apart on key issues, especially the spending cuts demanded by Republicans, as time runs short to avert a historic US default.

Tribune News Service

Bice ponders family leave bill as she juggles multiple priorities - Roll Call

Rep. Stephanie Bice is one of the busiest lawmakers in Congress, whose current mission is a paid family leave bill.

Roll Call

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Barchart

S&P Futures Tick Lower Ahead Of FOMC Meeting Minutes, Nvidia Earnings on Tap

June S&P 500 futures (ESM23) are trending down -0.33% this morning after three major U.S. benchmark indices finished the regular session solidly lower as worries about a potential U.S. default hurt risk sentiment, while market participants also waited for minutes from the Federal Reserve’s last meeting.

WEKU

Low-key Louisiana lawmaker tapped to help lead GOP debt negotiations

Rep. Garret Graves was critical in helping Kevin McCarthy get the votes to be elected speaker. Now, he's taking the lead at the negotiating table on how to avoid a historic debt default.

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

Stock market today: Asian stocks slide as US debt worries mount

Asian stock markets have slid as the U.S. government creeps closer to a potentially disruptive default on its debt

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The Independent UK

Debt ceiling talks stuck on classic problem: Republicans demand spending cuts and Democrats resist

Debt ceiling negotiations are locked on a classic problem that has vexed Washington before: Republicans led by House Speaker Kevin McCarthy want to roll back federal government spending, while President Joe Biden and other Democrats do not

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

Tribune News Service

McCarthy, Rep. Graves signal impasse in White House debt talks

WASHINGTON — Speaker Kevin McCarthy left the U.S. Capitol late Tuesday afternoon saying the two parties had yet to reach a deal to avert a first-ever U.S. default, and a top lieutenant said there are no more meetings planned.

Tribune News Service

Marjorie Taylor Greene wins ChapStick used by House Speaker Kevin McCarthy for $100K at GOP auction as debt ceiling crisis drags on

Republican campaign leaders on Tuesday auctioned off a ChapStick used by House Speaker Kevin McCarthy — and scored $100,000 from winner Rep. Marjorie Taylor Greene.

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

Roll Call

Another day, another pause in debt ceiling negotiations - Roll Call

Debt limit talks broke down again Tuesday as negotiators described disagreements over spending levels and other policy add-ons.

Tribune News Service

Biden, McCarthy stay positive though debt deal remains elusive

WASHINGTON — House Speaker Kevin McCarthy told Republicans Tuesday that debt limit talks still have some distance to go and pleaded with them to stay united on the party’s demands for spending cuts to avert a U.S. default.

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