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The Latest Breaking News from Joe Biden

'Mistaken, misread, misquoted, mislabeled, and mis-spoken' -- what Woody Guthrie wrote about the national debt debate in Congress during the Depression

The debt ceiling debate between the House GOP and President Joe Biden could, if not solved, lead to economic chaos and destruction – so it might seem strangely lighthearted to wonder what a Great Depression-era singer and activist would think about this particular political moment.

The Conversation

Fewer Venezuelan arrivals lead to drop in illegal entries to US after pandemic asylum limits

U.S. officials say a 98% drop in Venezuelan arrivals has helped lead to a steep decline in migrants crossing the U.S. border illegally from Mexico since pandemic-related asylum limits expired last week

The Independent UK

Biden, top Republican say confident debt default will be averted

Experts say a default would be catastrophic for US economy, but political standoff has persisted as deadline looms.

Al Jazeera

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White House defends Biden’s travel to Japan amid debt talks - Roll Call

President Joe Biden heads to Japan as debt talks continue, but faces Republican criticism for leaving the country.

Roll Call

Biden off to Japan for Group of Seven summit, says there's 'work to do' on global stage

President Joe Biden declared Wednesday there’s “work to do” on the global stage as he headed to Japan to consult with allies on Russia’s invasion of Ukraine and China’s assertive influence in the Pacific

The Independent UK

EPA rule would force clean-up of toxic waste from coal-fired power plants

The Environmental Protection Agency is strengthening a rule aimed at controlling and cleaning up toxic waste from coal-fired power plants

The Independent UK

A group of over 140 CEOs and Wall Street titans including David Solomon just signed an open letter warning stocks will crash if politicians can’t raise the debt ceiling

"We write to emphasize the potentially disastrous consequences of a failure by the federal government to meet its obligations,” the group wrote Tuesday.

Fortune

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I seduced Joe Biden easily in Steam's newest dating sim, then he said I was too old for him

Biden my time for some malarkey and wine.

PC Gamer

U.S. agrees to renew strategic pact with second Pacific island state

The United States and Palau agreed on Wednesday to renew a key strategic pact, part of U.S. efforts to shore up support among Pacific island states to counter competition from China, even as President Joe Biden called off a historic stop in the region.

Reuters

Party leaders optimistic as debt limit negotiators get to work - Roll Call

Negotiators tapped by President Joe Biden and Speaker Kevin McCarthy to hash out a debt limit compromise were racing against the clock.

Roll Call

Biden says he and China's Xi will meet, 'whether it's soon or not'

U.S. President Joe Biden said on Wednesday he would speak with China's President Xi Jinping, but did not say when.

Reuters

Biden says he’s ‘confident’ US won’t default on debt

‘America will not default,’ President Biden says

The Independent UK

The fall of Rudy Giuliani, once the toast of New York, continues unabated

Despite his standing as a top prosecutor and mayor, the warning signs were there – we just chose to ignore them

The Guardian - US

Biden 'confident' there will be no U.S. debt default

President Joe Biden said Wednesday that he was “confident” that the U.S. would avoid an unprecedented and catastrophic debt default, saying the talks were productive as he prepared to leave for a global summit in Japan

The Independent UK

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Barchart

Stocks Advance on Hopes for Debt Ceiling Progress

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.35%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.36%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.28%. U.S. stocks this morning are moderately higher on hopes...

The Independent UK

Watch: Joe Biden addresses debt ceiling as deadline looms

Watch as Joe Biden makes remarks in the Roosevelt room at the White House before departing for Japan to attend the G7 summit.

Axios

Biden admin pushing for Saudi-Israeli peace deal by end of year, officials say

Jake Sullivan recently told MBS the U.S. thinks there is an opportunity to get a Saudi-Israeli deal by the end of the year.

The Guardian - US

Democratic senators urge Biden to invoke 14th amendment to prevent debt default – as it happened

Senators want to use amendment that says validity of US debt cannot be questioned, arguing Republicans not acting in good faith

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Barchart

Markets Today: Stocks Climb on Hopes for Debt Ceiling Progress

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.30%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.14%. U.S. stock index futures this morning are moderately higher on hopes for progress in the debt ceiling negotiations. The talks have shifted to a narrower...

The Conversation

How China uses 'geostrategic corruption' to exert its influence in Latin America

Corruption has long been a scourge in parts of Latin America.

Reuters

With China looming, Biden plans new Pacific islands summit after PNG no-show

U.S. President Joe Biden will arrange another summit of Pacific island leaders this year after the disappointment caused by his cancellation of a visit to Papua New Guinea due to the domestic debt ceiling crisis, his national security adviser said on Wednesday.

Barchart

Stock Index Futures Move Higher on Signs of Optimism Over Debt-Ceiling Talks, Target Earnings on Tap

June S&P 500 futures (ESM23) are up +0.30%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.20% this morning as market participants pinned hopes on talks in Washington to resolve the deadlock on raising the U.S. debt ceiling.

The Guardian - UK

First Thing: Quad summit cancelled after Joe Biden calls off trip to Australia

Leaders will instead meet on sidelines of G7 in Hiroshima this weekend. Plus, how mifepristone became a target of the US anti-abortion movement

Axios

McCarthy called Biden's bluff on the debt ceiling

"They're negotiating now and they weren’t doing it before," one Republican told Axios.

Barchart

Stock Index Futures Move Higher as U.S. Debt Ceiling Talks Take Center Stage, Target Earnings on Tap

June S&P 500 futures (ESM23) are up +0.23%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.11% this morning after three major U.S. benchmark indices finished the regular session lower as market participants worried about whether the outcome of the U.S. debt ceiling talks would result in staving off…

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