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The Latest Breaking News from the White House

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.

Roll Call

What’s in the cliffhanger deal struck by Biden and McCarthy to raise the debt limit?

Agreement will prevent US from defaulting on loans and losing credit rating

The Independent UK

Alan Kohler: How the rise of China changed America – and not for the better

Republicans and the White House finally agreed to extend the debt ceiling for two years. Meanwhile, the decline of America gathers pace.

The New Daily

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"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

US pledges to investigate Afghan pilot’s case as UK stalls on offer to help

UK government slammed for lack of assistance: ‘He is in the UK so we have a moral duty to look after him’

The Independent UK

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

Italian towns claim Ron DeSantis as one of their own as Republican race heats up

All eight great-grandparents of the White House hopeful, eager to restrict immigrants’ rights, came from the south of Italy

The Guardian - 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 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

Why Texas Attorney General Ken Paxton's impeachment fight isn't finished yet

The Texas Legislature already made one historic move with the impeachment of Republican state Attorney General Ken Paxton

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

Debt ceiling deal reached between Biden and McCarthy

Tentative deal will avert a worldwide financial catastrophe

The Independent UK

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

The Guardian - US

Bipartisan deal reached to raise debt limit, cap appropriations - Roll Call

The White House and top Republicans reached an agreement in principle to raise the debt ceiling and set caps on discretionary spending.

Roll Call

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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

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.

The Independent UK

Biden says debt deal 'very close' even as two sides far apart on work requirements

Work requirements for federal food aid recipients have emerged as a final sticking point in negotiations over the looming debt crisis, even as President Joe Biden says a deal is “very close.”

The Independent UK

DeSantis signed bill shielding SpaceX and other companies from liability day after Elon Musk 2024 launch

Florida governor launched 2024 bid during chaotic Twitter Spaces event hit by technical difficulties

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ABC News

US Treasury Secretary Janet Yellen pushes back forecast of potential US default date to June 5

US Treasury Secretary Janet Yellen says the projected debt ceiling deadline is extended to June 5, four days later than previously estimated.

The Independent UK

X marks the spot: Yellen tells Congress US could run out of money to pay all its bills by June 5

Treasury Secretary Janet Yellen has told Congress that the U.S. could default on its debt obligations by June 5 if lawmakers do not act in time to raise the federal debt ceiling

Salon

McCarthy, Biden close to deal — maybe

Biden and McCarthy may cut a deal before the weekend — but many Republicans and Democrats are likely to oppose it

The Guardian - US

Biden ‘optimistic’ of debt ceiling deal as Yellen extends deadline to 5 June

Lawmakers on call over Memorial Day weekend as treasury secretary revises estimate of when US will run out of money

The Texas Tribune

U.S. debt ceiling fight riles Texans at both political ends

The high-stakes confrontation could have an impact on retirements accounts, corporations and much more.

Roll Call

Debt limit deal appears close as negotiators keep working - Roll Call

GOP negotiators and Biden report progress as they stare down the deadline for passing legislation to raise the borrowing cap.

The Guardian - US

Judge pauses South Carolina abortion ban; emerging debt ceiling agreement ‘has fewer cuts than expected’ – as it happened

Temporary block on restrictions until state supreme court can review; Joe Biden and Kevin McCarthy reportedly closing in on a deal

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