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McCarthy, though, has stopped short of committing to putting a Senate-passed short-term spending bill on the floor, knowing that doing so could mean a call for his ouster. During a call with the Republican conference Saturday afternoon, McCarthy pushed members to rally around a short-term spending bill that includes funds for border security. That would give House Republicans a position from which to begin negotiations with the Senate. It’s taking away leverage from House Republicans,” said GOP Rep. Garret Graves of Louisiana. But House Republicans marked their bills up at far lower levels after a rebellion from conservatives.

Persons: Kevin McCarthy, McCarthy, ”, Patrick McHenry of, McCarthy’s, ” McCarthy, He’s, Donald Trump, “ Don’t, Andy Biggs, Chuck Schumer, “, Kevin, I’m, Sen, Joe Manchin, I’ve, Chip Roy, It’s, Garret Graves, haven’t, ” Roy, Marc Molinaro, “ I’m, ” Molinaro, Schumer, eying, Mitch McConnell, McConnell, ” Schumer, CNN’s Manu Raju, McHenry, Mike Lawler, Republicans don’t, ” Lawler, Brian Fitzpatrick, Josh Gottheimer Organizations: CNN, Republican, Republicans, Democratic, Senate, Truth, Department of Justice, ” Republican, GOP, Defense, Agriculture, Homeland Security, House Republicans, Saturday, ”, “, House, Biden Locations: Patrick McHenry of North Carolina, Arizona, Ukraine, West Virginia, Texas, State, Garret Graves of Louisiana, New York

CNN —House Speaker Kevin McCarthy said Saturday he still lacks support from a handful of GOP hardliners to put a Republican stopgap measure on the floor next week, making a government shutdown likely with just one week until the deadline. There are still a few members that won’t vote for funding the government while we finish all the 12 bills. When pressed on whether Americans should expect a government shutdown, McCarthy insisted there is still time. That would give House Republicans a position from which to begin negotiations with the Senate. “I think now some members feeling the pressure of the time line coming up,” McCarthy said.

Persons: Kevin McCarthy, “ I’ve, ” McCarthy, “, who’ve, McCarthy, ”, Joe Biden, Congressional Black Caucus Foundation’s, Biden, Garret Graves Organizations: CNN —, Republican, GOP, Capitol, Republicans, Congressional Black Caucus, America, Senate, Louisiana GOP Rep, Coast Guard Locations: California, Louisiana

☆ Opinion | The Book Banners and I Have One Thing in Common
▼ + stars: | 2023-08-14 | by ( Garret Keizer | ) www.nytimes.com time to read: +1 min

Even classics can go out of print, but the war on books is never out of style. I was as opposed to that war at the age of 17 as I am at age 70. But there’s something I failed to see in my youth that I recognize today: the one piece of common ground between the book banners and me. We both believe that books matter, that they have the power to change a young person’s life. Access to the books was restricted, yes, but no one was calling for their removal.

Locations: New Jersey

The letter written to House Speaker Kevin McCarthy reflects rising partisan tensions in Congress over the Supplemental Nutrition Assistance Program (SNAP). The Democrats, all members of the House Agriculture Committee, told McCarthy that continuing Republican talk of SNAP cuts could jeopardize progress on this year's farm bill. Democrats now are seeking to protect the program from further cuts in the farm bill, which comes up every five years and funds farm commodity and conservation programs as well as SNAP and other food aid. Thompson, has said it will complete a farm bill draft by the end of August. The current farm bill expires on Sept. 30.

Persons: Mary F, Kevin McCarthy, McCarthy, David Scott, Joe Biden, Garret Graves, G.T, Thompson, Leah Douglas, Will Dunham Organizations: U.S, Washington , D.C, REUTERS, Democratic, Monday, U.S . House, Assistance, Agriculture, Republicans, SNAP, Republican, Senate, Thomson Locations: Washington ,

☆ McCarthy lauds debt US ceiling deal, House conservatives divided
▼ + stars: | 2023-06-04 | by ( David Lawder | ) www.reuters.com time to read: +4 min

The debt ceiling deal keeps fiscal 2024 spending flat at this year's levels, allowing a 1% increase for fiscal 2025. "Speaker McCarthy's position is absolutely safe," U.S. Representative Garret Graves, a Louisiana Republican who helped negotiate the debt ceiling deal, told CBS' "Face the Nation". DEAL PASSES IN DIVIDED CONGRESSBuck said that McCarthy promised Republicans that he would cut spending levels to fiscal 2022 levels, not the higher 2023 levels agreed in the deal, making the deal a loss the party. The deal was approved by 149 House Republicans and 165 Democrats, strong majorities of both parties. On Friday, Fitch Ratings it would keep the U.S. top tier credit rating on "negative watch" until the third quarter due to concerns over repeated brinkmanship over the debt ceiling, along with rising debt and deficits.

Persons: Kevin McCarthy, Joe Biden, McCarthy, Ken Buck, Biden, Buck, Garret Graves, we've, Fitch, Shalanda Young, Young, David Lawder, Aurora Ellis Organizations: . House, Sunday, Democratic, Republican, Caucus, Republicans, Union, U.S, Louisiana Republican, CBS, Fox, Revenue Service, Freedom Caucus, Democrats, White, CNN, Thomson Locations: CNN's, U.S, Louisiana

☆ McCarthy lauds U.S. debt ceiling deal, House conservatives divided
▼ + stars: | 2023-06-04 | by ( David Lawder | ) www.reuters.com time to read: +4 min

It was one the president deployed once again behind closed doors at the White House. With Memorial Day on the horizon, senior White House officials said protecting veterans’ benefits was a top priority. They also knew it was a sensitive issue for Republicans’ politically, especially as House Republicans parried White House allegations about cuts to veterans’ services. White House officials would engage in conversations where their Republican counterparts would outline a potential resolution on issues. For months, White House officials hoped – and to some degree based on past battles, expected – Senate Republican Leader Mitch McConnell would engage in finding a resolution.

Persons: Joe Biden, Biden, “, ” Biden, Kevin McCarthy, simmered, Steve Ricchetti, Louisa Terrell, Shalanda Young, reticence, Biden didn’t, McCarthy, ’ carveouts, Republicans ’, Republicans parried, ” Terrell, ”, ” Young, Jeff Zients, –, would’ve, that’s, ” Zients, ” Ricchetti, Patrick McHenry, Young, Michael Linden, Ricchetti, McCarthy’s, Mitch McConnell, Terrell, McHenry, Garret Graves, Graves, Dan Meyer, they’ve, “ There’s, you’re, cleaver Organizations: CNN, Resolute, Legislative, White, Republican, FBI, Republicans, Internal Revenue Service, SNAP, Congressional, Office, Progressive, Young, White House, GOP, Biden, Republican Rep, Congress, dropoff, Air Force Academy Locations: Washington, Garret Graves of Louisiana, McHenry, Louisiana, Ukraine, Colorado

☆ McCarthy's moment: Debt ceiling vote secures Republican US House speaker's standing
▼ + stars: | 2023-06-01 | by ( David Morgan | ) www.reuters.com time to read: +7 min

"Keep underestimating us and we'll keep proving to the American public that we'll never give up," McCarthy told reporters after the vote. But in getting the April measure passed, House Republicans became the only body in Washington that had acted to raise the debt ceiling. "Speaker McCarthy's done an incredible job," said Representative Marjorie Taylor Greene, a member of the hardline Republican House Freedom Caucus. "This is where the honeymoon can definitely end," said Republican strategist Ron Bonjean, a one-time aide to former House Speaker Dennis Hastert. Asked this week whether he expects to keep his speakership, McCarthy told a reporter: "What do you think?

Persons: Kevin McCarthy, Joe Biden, McCarthy, Biden, we'll, Dusty Johnson, haven't, Johnson, wouldn't, Donald Trump, Trump, Republican Mitch McConnell, McConnell, Rohit Kumar, Mitch McConnell, Julia Nikhinson, Shalanda Young, McCarthy's, Marjorie Taylor Greene, Patrick McHenry, Garret Graves, Ralph Norman, Norman, that's, John Boehner, Ron Bonjean, Dennis Hastert, I'm, Kelly Armstrong, David Morgan, Steve Holland, Gram Slattery, Jason Lange, Scott Malone, Suzanne Goldenberg Organizations: U.S . House, Republican, Democratic, Democrats, White House, Reuters, Republicans, House Republicans, U.S, Capitol, REUTERS, House, Caucus, White, Thomson Locations: Washington, Washington . U.S, U.S, Washington , U.S

☆ McCarthy's moment: Debt ceiling win secures Republican US House speaker's standing
▼ + stars: | 2023-06-01 | by ( David Morgan | ) www.reuters.com time to read: +7 min

But in getting the April measure passed, House Republicans became the only body in Washington that had acted to raise the debt ceiling. The White House, for its part, contends that the talks between Biden and McCarthy were not a negotiation on the debt ceiling. "Speaker McCarthy's done an incredible job," said Representative Marjorie Taylor Greene, a member of the hardline Republican House Freedom Caucus. "This is where the honeymoon can definitely end," said Republican strategist Ron Bonjean, a one-time aide to former House Speaker Dennis Hastert. Asked this week whether he expects to keep his speakership, McCarthy told a reporter: "What do you think?

Persons: Kevin McCarthy, Joe Biden, McCarthy, Biden, Dusty Johnson, haven't, Johnson, wouldn't, Donald Trump, Trump, Republican Mitch McConnell, McConnell, Rohit Kumar, Mitch McConnell, Shalanda Young, McCarthy's, Marjorie Taylor Greene, Patrick McHenry, Garret Graves, Ralph Norman, Norman, that's, John Boehner, Ron Bonjean, Dennis Hastert, I'm, Kelly Armstrong, David Morgan, Steve Holland, Jason Lange, Scott Malone, Suzanne Goldenberg Organizations: U.S . House, Republican, Democratic, Democrats, White House, Reuters, Republicans, House Republicans, House, Caucus, White, Thomson Locations: Washington

☆ Inside a debt ceiling standoff ‘far more dangerous than people will recognize’
▼ + stars: | 2023-05-31 | by ( Jeremy Diamond Lauren Fox Melanie Zanona Phil Mattingly Arlette Saenz Kevin Liptak | Jeremy Diamond | Lauren Fox | ) edition.cnn.com time to read: +17 min

“She’s well respected by both sides,” McCarthy said of the former longtime House Appropriations Committee staffer, according to White House officials. “Asking me about the communication (with the White House) implies there was communication,” one House Democrat said. For the White House negotiators, that meant late nights and early mornings. The White House negotiators left Capitol Hill abruptly and for hours, it was unclear when the conversations would resume. Quietly, White House negotiators had never actually stopped talking to their Republican counterparts.

Persons: Joe Biden, Kevin McCarthy, McCarthy, “, “ You’ve, ” Rep, Patrick McHenry, Biden, Steve Ricchetti, Shalanda Young, Louisa Terrell, ” McCarthy, James S, Alex Wong, Young, Garret Graves, ” Graves, Graves, Tom Cole of, ” Cole, White, Jeff Zients, McHenry, ‘, Chuck Schumer, Hakeem Jeffries, Ricchetti, ”, ” Terrell, Dan Meyer, –, apprised, decamping, ’, Anna Moneymaker, nonstarters, ” McHenry, McHenry –, —, Susan Walsh, businesslike, Biden’s, Eisenhower, Zients, Jose Luis Magana, Young –, Louisianans –, Jim Clyburn, Clyburn, Annie Kuster, ” Kuster, wasn’t, ” Young Organizations: CNN, White, ”, Republican, Legislative, Young, Management, Brady, Capitol, White House, GOP, McCarthy’s, Pennsylvania, Capitol Hill, U.S, Biden, Democrat, Democratic, Republicans, Building, Air Force, West Executive, LSU Tigers, South Carolina Democrat, New Democrat Coalition, Democrats Locations: Irish, Washington , DC, Louisiana, Tom Cole of Oklahoma, McHenry, Hiroshima, Japan, Washington

"Things are looking good," Biden told reporters. "I'm hopeful," said McHenry, one of House of Representatives Speaker Kevin McCarthy's lead negotiators with the White House. Negotiators are discussing a deal that would lift the limit for two years, but remain at odds over whether to stiffen work requirements for some anti-poverty programs. WORK REQUIREMENTS IN DISPUTEThe safety-net programs remained a sticking point. Biden in particular has resisted the work requirements for Medicaid, which covered 85 million Americans as of January.

WASHINGTON — President Joe Biden said he was "very optimistic" on Friday about reaching a compromise deal with House Republicans to raise the debt ceiling before a June 5 deadline announced earlier in the day. "I hope we'll have some clear evidence tonight, before the clock strikes twelve, that we have a deal," Biden told reporters on the South Lawn of the White House shortly after 6:00 p.m. White House and congressional negotiators were closing in on a deal to raise the debt ceiling for two years, officials familiar with the negotiations told CNBC earlier in the day Friday. "I'm hopeful we'll know by tonight whether we are going to be able to have a deal," Biden said. Under a proposal that was on the table Friday, House Republicans would achieve at least two of their highest priorities in exchange for voting to raise the debt ceiling.

Persons: Joe Biden, Biden, hadn't, Janet Yellen, Garret Graves of Organizations: WASHINGTON, House Republicans, CNBC, Republican, Capitol, Treasury, Republicans, Internal Revenue Service, Pentagon Locations: White, U.S, Garret Graves of Louisiana

☆ The tech trade is back, driven by A.I. craze and prospect of a less aggressive Fed
▼ + stars: | 2023-05-26 | by ( Ari Levy | ) www.cnbc.com time to read: +5 min

Patrick T. Fallon | Bloomberg | Getty Imageswatch nowTo start the year, the main theme in tech was layoffs and cost cuts. But investors have shifted their focus to AI now that companies are showcasing real-world applications of the long-hyped technology. Google, meanwhile, is touting its rival AI model at every opportunity, and Meta CEO Mark Zuckerberg would much rather tell shareholders about his company's AI advancements than the company's money-bleeding metaverse efforts. The chipmaker, known best for its graphics processing units (GPUs) that power advanced video games, is riding the AI wave. The next three top gainers in the index are also tech companies: Meta, Advanced Micro Devices and Salesforce .

WASHINGTON — Urgent talks to raise the U.S. debt ceiling appeared to move closer to a deal Thursday, with only seven days to go before the United States faces an imminent threat of debt default. But negotiators warned that the final phase of talks would likely be the most delicate and difficult for both sides. "We're at a sensitive phase, with sensitive issues that remain. "They've got work in the White House, we have work here in the Capitol. Read more: What Republicans want in exchange for raising the debt limitAt the White House, President Joe Biden sounded a cautiously optimistic note.

Persons: Garret Graves, Patrick McHenry, we've, McHenry, They've, Read, Joe Biden Organizations: Republicans, Capitol Hill Club, WASHINGTON, Republican, White House, White Locations: R, Washington, United States, North Carolina

☆ What Republicans want in exchange for raising the debt limit
▼ + stars: | 2023-05-25 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +4 min

Speaker of the House Kevin McCarthy, R-Calif., talks with reporters about the debt ceiling negotiations in the U.S. Capitol on Tuesday, May 23, 2023. "The debt ceiling," he replied. A Democratic official said Republicans have already rejected at least two compromise offers from the White House. While their demands could change, below are the key concessions Republicans want from Democrats, in exchange for their vote to raise the debt ceiling. "I'm not going to accept any work requirements that's going to impact on medical health needs of people," Biden said earlier this month.

Persons: Kevin McCarthy, Patrick McHenry, Garret Graves, Joe Biden, I'm, Biden Organizations: U.S, Capitol, White, White House, Republican, Democratic, Republicans, Energy, House Republicans, Congressional, House, Assistance, SNAP Locations: WASHINGTON, North Carolina, Louisiana, United States, .

☆ Republicans question June 1 debt ceiling deadline as talks zero in on potential trade-offs
▼ + stars: | 2023-05-23 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +4 min

Andrew Caballero-Reynolds | AFP | Getty ImagesWASHINGTON — A significant group of House Republicans raised questions Tuesday about whether the Treasury Department's June 1 deadline to avoid a potential U.S. debt default was accurate. "We'd like to see more transparency on how they come to that date," House Majority Leader Rep. Steve Scalise said Tuesday at a news conference. "We're getting closer," McCarthy told reporters late Monday, adding that the "circle" of issues was becoming "smaller, smaller, smaller." A Republican negotiator, Rep. Patrick McHenry, N.C., told reporters that spending was still the biggest hurdle to an agreement. Rep. Garret Graves, R-La., left, and Rep. Patrick McHenry, R-N.C., speak to reporters about debt ceiling negotiations as they leave the House Republicans' caucus meeting at the Capitol Hill Club in Washington, May 23, 2023.

Persons: Kevin McCarthy, Joe Biden, Andrew Caballero, Reynolds, Steve Scalise, Scalise, Janet Yellen's, Nathan Howard, Biden, We're, McCarthy, Karine Jean, Pierre, Jean, Pierre said, Katherine Clark, Elise Stefanik, Patrick McHenry, Garret Graves, Bill Clark Organizations: White, AFP, Getty Images WASHINGTON, House Republicans, Treasury, Republican, Bloomberg, Getty, CNBC, US, Democratic, Courage for America, Capitol, Getty Images House Republicans, Rep, Republicans, Capitol Hill Club, CQ, Inc Locations: Washington ,, United States, California, Washington , DC, U.S, N.C, R, Washington

☆ Fresh round of debt ceiling talks kick off as US default worries grow
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: +5 min

A failure to lift the debt ceiling would trigger a default that would shake financial markets and drive interest rates higher on everything from car payments to credit cards. Any deal to raise the $31.4 trillion debt limit must pass both chambers of Congress before Biden could sign it into law. A plan passed by the House last month would cut a wide swath of government spending by 8% next year. Biden has said he would consider spending cuts alongside tax adjustments but that Republicans' latest offer was "unacceptable." McCarthy told reporters debt ceiling talks have not included discussions about tax cuts passed under former President Donald Trump, a Republican.

☆ Congress could have as little as 10 days to solve the debt ceiling crisis before Americans might start losing federal benefits and retirement savings
▼ + stars: | 2023-05-22 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

If the US were to breach the debt ceiling, millions of Americans could lose jobs and retirement savings. A breach would also hit Americans in their wallets: A Joint Economic Committee analysis previously found that failure to lift the debt ceiling could cost workers $20,000 in retirement savings. "I think we can solve some of these problems if he understands what we're looking at," McCarthy told reporters on Sunday. Another option that's been gaining steam in Congress is invoking a clause in the 14th Amendment that would declare the debt ceiling unconstitutional, getting rid of the problem forever. But even with potential litigation, some Democratic lawmakers think Biden should do whatever it takes to ensure the US does not default on its debt.

☆ US economy on the brink as time runs low to avert debt default
▼ + stars: | 2023-05-22 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

After a weekend of acrimony between negotiators for House Republicans and the White House, Biden will meet House Speaker Kevin McCarthy Monday for critical talks on pulling the economy back from the precipice. Biden and McCarthy to meet MondayThe rhetoric eased a little, however, after Biden and McCarthy spoke as the president flew home on Air Force One. McCarthy already passed a bill raising the debt ceiling in exchange for a wish list of Republican demands. This is a balance of power that ought to drive both sides towards a compromise, but extremist elements in the House GOP could make that impossible. Like McCarthy, Biden also faces political pressure within his own party after some progressive Democrats expressed fears he would offer the speaker too much in any deal.

WASHINGTON, May 19 (Reuters) - A second meeting on Friday between White House and Republican congressional negotiators on raising the federal government's $31.4 trillion debt ceiling broke up with no progress cited by either side and no additional meeting set. Senior White House adviser Steve Ricchetti left the meeting room telling reporters that he was "not assessing" the talks. A meeting earlier on Friday ended abruptly with McCarthy telling reporters there had not been any "movement" from the White House toward Republican demands. Biden and McCarthy spent most of the year in an impasse with the White House insisting on a "clean" increase in the debt ceiling without conditions. They agreed to two-way talks, with the White House represented by Shalanda Young, director of the Office of Management and Budget, and Ricchetti.

WASHINGTON, May 19 (Reuters) - A second meeting on Friday between White House and Republican congressional negotiators on raising the federal government's $31.4 trillion debt ceiling broke up with no progress cited by either side and no additional meeting set. "We had a very, very candid discussion talking about where we are, talking about where things need to be," Republican Representative Garret Graves told reporters following a brief meeting in the Capitol with White House officials. He echoed earlier remarks by House of Representatives Speaker Kevin McCarthy that progress needed to be made on changing the "trajectory" of U.S. government deficit spending. A second Republican negotiator, Representative Patrick McHenry, said McCarthy would be briefed on the status of the talks. Senior White House adviser Steve Ricchetti left the meeting room telling reporters that he was "not assessing" the talks.

A White House official confirmed the talks were resuming. "We've got to get movement from the White House and we don't have any movement yet," McCarthy told reporters during the pause in talks. A White House official said: "There are real differences between the parties on budget issues and talks will be difficult. Biden and McCarthy spent most of the year in an impasse with the White House insisting on a "clean" increase in the debt ceiling without conditions. A White House official said a deal remained possible.

WASHINGTON, May 19 (Reuters) - U.S. House Republicans and President Joe Biden's Democratic administration on Friday paused talks on raising the federal government's $31.4 trillion debt ceiling, rattling financial markets as the deadline to avoid default ticked closer. Talks at the Capitol broke up around midday, and there was no immediate word on when they would resume. A White House official said: "There are real differences between the parties on budget issues and talks will be difficult. Biden and McCarthy spent most of the year in an impasse with the White House insisting on a "clean" increase in the debt ceiling without conditions. Young and Ricchetti told reporters they were going to play it "by ear" as they departed the negotiating sessions, according to reporters for NBC News and ABC News.

☆ The federal government is rapidly running out of cash as debt ceiling talks hit a new impasse
▼ + stars: | 2023-05-19 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

The federal government is running out of cash as debt ceiling talks hit a new impasse. The Treasury General Account was $68.3 billion on Wednesday, down from $140 billion on Friday. It's also a considerable drop from the end of April, when the federal government's cash balance was $316 billion. The Treasury General Account is used to pay for debt service on government bonds — preventing the US from defaulting — among the myriad other outlays like entitlements and federal employee salaries. Lawmakers remain at odds on lifting the debt ceiling.

☆ A GOP lawmaker says debt ceiling negotiations are on 'pause' because of 'unreasonable' requests from the White House — even with a catastrophic default as soon as 2 weeks away
▼ + stars: | 2023-05-19 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

GOP Rep. Garret Graves told reporters that debt ceiling negotiations are on "pause." He said the White House is bringing "unreasonable" requests. Still, there's a major time crunch for Congress to reach a deal to raise the debt ceiling before a default. But it's unclear where the negotiations will go from here — when asked if talks will resume today, White House negotiators told reporters that they're "playing [it] by ear." It is past time for the White House to get serious.

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