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☆ Trump Media merger partner DWAC settles with SEC over fraud charges
▼ + stars: | 2023-07-20 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +2 min

Former U.S. President and Republican presidential candidate Donald Trump speaks at a campaign event in Council Bluffs, Iowa, July 7, 2023. WASHINGTON — The Securities and Exchange Commission announced Thursday that it had settled fraud charges with Digital World Acquisition Corp ., the company that is seeking to take former President Donald Trump's social media venture public. As part of the settlement, DWAC was ordered to pay an $18 million civil penalty fee in the event that it executes a final merger and takes Trump Media and Technology Group public. Shares of DWAC rose 30% in extended trading following the SEC announcement. The fraud charges stem in part from what the SEC says were DWAC's "extensive SPAC merger discussions" with Trump's media company several months before filing paperwork to go public in Sept. 2021.

Persons: Donald Trump, Donald Trump's, DWAC, Patrick Orlando, Trump Organizations: U.S, Republican, WASHINGTON — The Securities, Exchange Commission, Trump Media, Technology Group, SEC, White House Locations: Bluffs , Iowa, Florida, DWAC, New York, Georgia

☆ The White House plan to sell Bidenomics: Hit the road, ignore the polls
▼ + stars: | 2023-07-20 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +4 min

US President Joe Biden speaks about his economic plan "Bidenomics" at the Philly Shipyard, in Philadelphia, Pennsylvania, on July 20, 2023. But the choreographed excitement and stagecraft on display in Philadelphia belied a different sentiment among voters about what's been dubbed "Bidenomics." "Together we are transforming the country, not just through jobs, not just through manufacturing, but also by rebuilding our infrastructure," Biden told a crowd of hardhat-wearing union workers who stood atop steel beams three storeys high. We've got a long way to go on the economy," Biden told the shipbuilders. "I'm here to say we have more work to do, but we have a plan that's turning things around pretty quickly."

Persons: Joe Biden, what's, I've, Biden, Patrick Murray, it's, Biden hasn't, Jennifer Granholm, Xavier Becerra, Jill Biden, We've Organizations: Philly Shipyard, CNBC, America Economic Survey, Monmouth University, Biden, Monmouth University Polling Institute, Energy, Human Services, Citigroup Locations: Philadelphia , Pennsylvania, Philadelphia, America, Philly, U.S, Monmouth, North Carolina, South Carolina, Georgia, Tennessee, Ohio , Michigan, New York

☆ Convicted Ponzi schemer granted clemency by Trump charged with new Ponzi scheme
▼ + stars: | 2023-07-19 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +1 min

WASHINGTON — A New Jersey man who had his prison sentence for running a massive Ponzi scheme commuted by Donald Trump on the final day of his presidency was charged Wednesday with orchestrating a similar scheme. Eli Weinstein and four accomplices are accused of overseeing a new Ponzi scheme that prosecutors say has defrauded 150 victims out of more than $35 million. The first came in 2013, when he pleaded guilty to 45 counts of fraud and conspiracy for stealing over $200 million from investors. In 2015, he pleaded guilty in a second case, this time to committing wire fraud while he was on trial for the Ponzi scheme. Weinstein had served eight years of his 24-year prison sentence when Trump granted him clemency in 2021, as one of 143 people who received either pardons or commutations during Trump's final hours in office.

Persons: Donald Trump, WASHINGTON, Eli Weinstein, Weinstein, Trump, Alan Dershowitz Organizations: New York Times, Trump Locations: Las Vegas , Nevada, New Jersey, Trump

☆ White House responds to 'vile' RFK Jr. comments on Covid and race
▼ + stars: | 2023-07-17 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +2 min

US 2024 Presidential hopeful Robert F. Kennedy Jr. speaks to press at the State House in Concord, New Hampshire, on June 1, 2023. WASHINGTON — The White House on Monday condemned Democratic presidential candidate Robert F. Kennedy Jr. for making "vile" and "false" claims that Covid-19 was bioengineered to spare Jews and Chinese people. White House press secretary Karine Jean-Pierre said Kennedy's comments "put our fellow Americans in danger." He then claims that the United States and China are "developing ethnic bioweapons .... so we can target people by race." "Every aspect of these comments reflect some of the most abhorrent antisemitic conspiracy theories throughout history and contributes to today's dangerous rise of antisemitism," she said.

Persons: Robert F, Kennedy Jr, WASHINGTON —, Karine Jean, Pierre, Kennedy's, Jean, Kennedy, Joe Biden Organizations: State House, WASHINGTON, Democratic, Republicans, New York, Twitter Locations: Concord , New Hampshire, White, United States, China

☆ Biden's Federal Reserve Board nominees clear key Senate committee
▼ + stars: | 2023-07-12 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +2 min

WASHINGTON — The Senate Banking Committee approved President Joe Biden's three nominees to the Federal Reserve Board of Governors on Wednesday, teeing up a vote in the full Senate later this year. The committee unanimously approved Philip Jefferson as Biden's nominee for vice chair of the Federal Reserve. Lisa Cook, who Biden has nominated for a full, 14-year term on the Federal Reserve Board, was approved 13-10 by the panel. The third nominee the committee advanced was Adriana Kugler, whom Biden tapped in May to join the Federal Reserve Board of Governors for the first time. Jefferson would be only the second Black person to hold the vice chair position in the history of the Fed board.

Persons: Philip Jefferson, WASHINGTON —, Joe Biden's, teeing, Jefferson, Lael Brainard, Lisa Cook, Biden, Cook, Adriana Kugler, Kugler, South Dakota Republican Sen, Mike Rounds Organizations: Federal, Capitol, WASHINGTON, Federal Reserve, Governors, Fed, National Economic, Federal Reserve Board, South Dakota Republican, World Bank, World Bank Group, U.S, American, Fed's, of Governors Locations: Washington , U.S

"There is no country, none, that presents a broader, more comprehensive threat to our ideas our innovation our economic security than the Chinese government and the Chinese Communist Party," Wray testified. Wray said that Americans "would be shocked to hear" that virtually all companies doing business in China are required to allow those cells. Wray did not name specific companies who have been required to house CCP cells in China. It's not the first time Wray has raised concerns about Beijing's alleged efforts to enforce communist political views within foreign companies operating in China. "And it doesn't just apply to Chinese companies; it applies to foreign companies if they get to a certain size in China, as well," Wray told CNBC.

Persons: Christopher Wray, SAUL LOEB, Wray, China's, Antony Blinken, Janet Yellen, Lance Gooden, I've, Gooden, It's, Biden, — CNBC's Christina Wilkie Organizations: Federal Bureau of Investigation, AFP, Getty Images, Chinese, Party, Committee, Chinese Communist Party, CCP, FBI, U.S . Chamber of Commerce, Business, Apple, Nike, Street, Fidelity, Financial Times, HSBC, CNBC, Republican Locations: Washington ,, China, Beijing, Washington, Texas, British, BlackRock

☆ Three charged with insider trading ahead of Trump Media SPAC deal
▼ + stars: | 2023-06-29 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +1 min

The former US President announced his intention to create a new social media platform after he was banned from Facebook and Twitter last year. WASHINGTON — Three Florida men were charged Thursday in criminal and civil complaints with insider trading of a shell company's stock before it announced plans to merge with a social media firm launched by former President Donald Trump. The men, Michael Shvartsman, Gerald Shvartsman, and Bruce Garelick, allegedly netted more than $22 million in illicit profits from trading in shares of Digital World Acquisition Corp . The DOJ announced the charges related to the Trump Media proposed merger as part of a string of allegations of illegal trading. is a special purpose acquisition company, or SPAC, that announced plans to merge with Trump Media & Technology Group in October 2021.

Persons: Donald Trump, Michael Shvartsman, Gerald Shvartsman, Bruce Garelick, Garelick, Trump, TMTG Organizations: Facebook, Twitter, WASHINGTON —, Justice Department, The Securities, Exchange Commission, Rocket, DOJ, Trump Media, Pfizer, Trump Media & Technology Group Locations: WASHINGTON — Three Florida

☆ Bipartisan lawmakers visit Taiwan as Biden seeks to stabilize China relationship
▼ + stars: | 2023-06-27 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +3 min

Taiwan is a self-ruling democracy, but China views Taiwan as a province of the Chinese mainland. The visit comes at a sensitive time for America's relationship with China, its largest trading partner and strategic competitor in political, economic and security arenas. WASHINGTON — A bipartisan congressional delegation led by House Armed Services Committee Chairman Mike Rogers landed in Taiwan on Tuesday for a three day visit, according to the American Institute in Taiwan. Treasury Secretary Janet Yellen reportedly plans to visit China in July, Bloomberg News reported this week. But while visits by senior Biden administration officials to China may help normalize the U.S.-China relationship, visits like Rogers' delegation to Taiwan tend to have the opposite effect.

Persons: Mike Rogers, Tsai Ing, Adam Smith, WASHINGTON —, Rogers, Biden, Antony Blinken, Blinken, Janet Yellen Organizations: Republicans, U.S, Capitol, Taiwanese Ministry of Foreign Affairs, The Alabama Republican, House Armed Services, American Institute, Congressional, United, Bloomberg News, Treasury, Biden, ., National Security Council Locations: Afghanistan, Taiwan, Washington, Pacific, China, Beijing, WASHINGTON, Taipei, United States

☆ Putin says Russia would have crushed rebellion, vows 'justice' for mutiny organizers
▼ + stars: | 2023-06-26 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +2 min

Russian President Vladimir Putin grimaces during his joint press conference with Algerian President Abdelmajid Tebboune (not pictured) at the Grand Kremlin Palace, June,15,2023, in Moscow, Russia. WASHINGTON — Russian President Vladimir Putin said Monday the organizers of an armed mutiny over the weekend will be "brought to justice" and that his military would have put down the rebellion anyway. In exchange for his turning back, a criminal case against Prigozhin was dropped and he was permitted to leave Russia for Belarus. On Monday, Putin said any "armed rebellion would have been put down anyway." Prigozhin has said his goal was never to seize political control of the Kremlin and overthrow Putin, but rather to protest a planned dissolution of his Wagner Group, his private army.

Persons: Vladimir Putin grimaces, Abdelmajid Tebboune, Vladimir Putin, Wagner, Yevgeny Prigozhin, Putin, Prigozhin, Sen, Mark Warner Organizations: Algerian, WASHINGTON —, Wagner Group, Senate Intelligence Locations: Moscow, Russia, WASHINGTON, WASHINGTON — Russian, Russian, Belarus, Minsk, Rostov

PGA Tour logo during the third round of the Travelers Championship on June 24, 2017, at TPC River Highlands in Cromwell, Connecticut. Key lawmakers on Wednesday invited the officials behind the proposed deal between the PGA Tour and Saudi-backed rival LIV Golf to testify at a Senate subcommittee hearing. Blumenthal, D-Conn., and Johnson, R-Wisc., requested testimony from the tour's commissioner, Jay Monahan, LIV Golf CEO Greg Norman and Yasir al-Rumayyan of the Saudi Arabia Public Investment Fund. "Fans, the players, and concerned citizens have many questions about the planned agreement between the PGA Tour and LIV Golf," Johnson said in a release. Blumenthal has expressed a particular interest in whether the PGA Tour deserves to keep its tax exempt nonprofit status as a business association that benefits its members.

Persons: LIV Golf, Sen, Richard Blumenthal, Ron Johnson, Blumenthal, Conn, Johnson, Jay Monahan, LIV, Greg Norman, Yasir al, Monahan, PIF didn't, Norman Organizations: Wednesday, PGA Tour, Senate Homeland Security, Saudi Arabia Public Investment Fund, LIV Golf, PGA, CBS Locations: Cromwell , Connecticut, Saudi, United States

☆ Trump classified documents case differs from Biden, Clinton, Pence issues — here's how
▼ + stars: | 2023-06-15 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +7 min

But what they don't say is that Trump is the only former official who refused to return all the classified documents as soon as he was asked about them. Lawyers for President Joe Biden discovered 10 classified documents in November of last year at an office he used in downtown Washington. Experts say the crucial difference is intent, namely what Trump allegedly did after he learned the National Archives wanted the classified documents he had back. The boxes, the lawyer and the ex-presidentThe DOJ's indictment includes photos of classified documents found at former President Donald Trump's Mar-A-Lago residence. Out of options, the archives referred the missing classified documents case to the Justice Department, which obtained a grand jury subpoena on May 11 for all remaining classified material held by Trump.

Persons: Donald Trump, Trump, Trump's, Clinton, Biden, Joe Biden, United Kingdom Rishi Sunak, Drew Angerer, Hillary Clinton, General Merrick Garland, it's, Mike Pence, Pence, Jon Sale, Donald Trump's Mar, Walt Nauta, Nelson Mullins, Bill Clinton, David Rubenstein, David Kelley, that's, Nauta, hadn't Organizations: WASHINGTON, White, Pence U.S, White House, Getty, State, FBI, Justice Department, National Archives, Justice, DOJ, Mar, Trump ., MSNBC, Bloomberg, Southern, of, PBS Locations: United Kingdom, Washington ,, Washington, Wilmington , Delaware, Pence, Miami, Florida, Mar, Sale, New York, Clinton, U.S, of New York

☆ Trump arrives in Miami for arraignment on first-ever federal charges against an ex-president
▼ + stars: | 2023-06-12 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +2 min

In that case, Trump would go to the courthouse to surrender, but his arraignment and plea may be delayed, according to NBC. The two lead attorneys who had been representing Trump in the case resigned Friday, just one day after Trump announced he had been indicted. A source with direct knowledge later told NBC that Blanche traveled with Trump to Florida. The charges mark the first time a former U.S. president has been charged with a federal crime. Trump traveled to Florida from his golf resort in Bedminster, New Jersey.

Persons: WASHINGTON —, Donald Trump, Trump, Walt Nauta, Hunt, Todd Blanche, Blanche, Jack Smith, Melania Trump, Joe Biden, Kevin Stitt, Ron DeSantis Organizations: WASHINGTON, NBC News, NBC, Southern District of, Trump, Southern, Oklahoma Gov, GOP, Gov Locations: Miami, Southern District, Southern District of Florida, Florida, Esq, New York, Trump, U.S, Bedminster , New Jersey

☆ Schumer seeks to fast-track debt ceiling bill through Senate
▼ + stars: | 2023-06-01 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +4 min

US Senate Majority Leader Chuck Schumer (D-NY) speaks during a news conference following Senate Democrat policy luncheons at the US Capitol in Washington, DC, on May 31, 2023. "The Senate will stay in session until we send a bill avoiding default to President Biden's desk, we will keep working until the job is done," Schumer, D-N.Y., said on the Senate floor at the opening of Thursday's session. WASHINGTON — Senate Majority Leader Chuck Schumer will attempt to fast-track a bill through the Senate on Thursday to raise the debt limit for two years and cap government spending, as the U.S. barrels toward a June 5 deadline to avert a debt default. In exchange for giving their amendments a separate vote, McConnell hopes holdouts will agree to proceed with a full Senate vote on the debt ceiling bill before the weekend. Passing the debt limit compromise bill and sending it to President Joe Biden for his signature would "soothe the country and soothe the markets," McConnell said.

Persons: Chuck Schumer, luncheons, Biden's, Schumer, Utah Republican Mike Lee, Kentucky Republican Rand Paul, Tim Kaine, Kaine, Lee, Janet Yellen, Mitch McConnell, McConnell, holdouts, Paul, Joe Biden, Kevin McCarthy, Biden Organizations: Republican, Democratic, Utah Republican, Kentucky Republican, Management, Budget, Capitol, Schumer, Republicans Locations: Washington ,, WASHINGTON, U.S, Utah, Kentucky, Virginia, West Virginia, United States

☆ Biden, McCarthy work to shore up support for debt ceiling bill ahead of House vote
▼ + stars: | 2023-05-31 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +2 min

WASHINGTON — House Speaker Kevin McCarthy and White House officials worked to shore up support for a bill that would raise the debt ceiling and cut government spending, as the House prepared to vote Wednesday night on the legislation. Large blocs of Democrats are also expected to vote against the bill, albeit more quietly. Raising the debt ceiling will require that the bill passes both the GOP-majority House and the Democratic-controlled Senate, a reality that made a compromise deal unavoidable. Rep. Pramila Jayapal, D-Wash., who chairs the Congressional Progressive Caucus, said Wednesday morning that she would vote against the bill on the House floor. Other groups, like the bipartisan Problem Solvers Caucus and the center-left New Democrat Coalition, have praised the bill.

Persons: Kevin McCarthy, Patrick McHenry, McCarthy, Joe Biden, Steve Ricchetti, Shalanda Young, Aviva Aron, Dine, John Podesta, Pramila Jayapal Organizations: WASHINGTON, White, Republican, GOP, CNBC, Democratic, Treasury Department, House Democrats, White House, Management, National Economic, Congressional Progressive Caucus, New Democrat Coalition

Bill Clark | CQ-Roll Call, Inc. | Getty Images"Speaker McCarthy should pull this bad bill down. Roy and Bishop weren't the only far-right conservatives who implicitly threatened to unseat McCarthy as House speaker if the debt limit bill passed. Under new rules this year, a single Republican lawmaker can bring a no-confidence vote on McCarthy to the floor. But progressive leaders in the House stopped short of urging their like-minded members to oppose the bill. The message from the White House was similarly low-key, with an emphasis on the GOP asks that were not in the bill.

☆ White House and Republicans reach a tentative deal to avoid U.S. default
▼ + stars: | 2023-05-27 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +5 min

WASHINGTON — House Republicans reached a tentative deal with the White House on Saturday night to raise the nation's borrowing limit and avoid a catastrophic default on U.S. sovereign debt. "I expect to finish the writing of the bill, checking with the White House and speaking to the president again tomorrow afternoon," said the California Republican, "Then posting the text of it tomorrow, and then be voting on it on Wednesday." The White House has invited all House Democrats to attend a virtual briefing on Sunday afternoon, presumably to explain what is in the deal and urge Democrats to vote for it. Nonetheless, many Republicans have come to view the biennial vote to raise the debt limit as an opportunity to extract concessions from Democrats in exchange for their votes to avoid a debt default. Unless the debt limit were raised in time and the government was allowed to borrow more, "Our projected resources would be inadequate to satisfy all of these obligations."

☆ Treasury now says it could run out of money June 5, buying time for debt ceiling talks
▼ + stars: | 2023-05-26 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +3 min

WASHINGTON — Treasury Secretary Janet Yellen said Friday that the United States will likely have enough reserves to push off a potential debt default until June 5. "We now estimate that Treasury will have insufficient resources to satisfy the government's obligations if Congress has not raised or suspended the debt limit by June 5," Yellen wrote in a letter to House Speaker Kevin McCarthy. On Wednesday, the Fitch credit rating agency announced it had placed the United States' triple-A status on "rating watch negative." On Friday, in a preliminary International Monetary Fund annual assessment of the United States, officials wrote that "brinkmanship over the federal debt ceiling could create a further, entirely avoidable systemic risk to both the U.S. and the global economy." Should the United States technically default, even for just a few days, it could drive up interest rates and undermine confidence in the U.S. dollar.

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

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, .

WASHINGTON — House Speaker Kevin McCarthy said Wednesday that negotiations over raising the U.S. debt limit were progressing toward a deal despite disagreements over spending, with only eight days before the government could face an unprecedented default. Fitch Ratings, one of the big three ratings agencies, placed the United States' triple-A status on "rating watch negative." The warning came after McCarthy projected hope that negotiators would reach a deal in time to avoid default. The decision to let members fly home for the week is a tacit acknowledgment by House leadership that a deal to raise the debt ceiling does not appear to be imminent. Debt ceiling-related stress was affecting Treasury markets in particular, Yellen said at a Wall Street Journal event.

Persons: Kevin McCarthy, Fitch, McCarthy, Steve Scalise, Joe, Biden, Janet Yellen, Yellen Organizations: WASHINGTON, Fitch, Fox Business, White, Treasury, Republican, Democratic, Capitol Locations: United States, Washington, U.S

☆ 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

☆ Biden and McCarthy to meet on the debt ceiling with only 10 days until U.S. risks default
▼ + stars: | 2023-05-22 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +3 min

Biden joined Irish Taoiseach Leo Varadkar, Speaker of the House Kevin McCarthy (R-CA) and other members of Congress for the traditional St. Patrick's Day Friends of Ireland Luncheon. Biden and McCarthy are set to meet at 5:30 p.m. WASHINGTON — White House negotiators and representatives of House Speaker Kevin McCarthy resumed debt ceiling talks Monday morning, as President Joe Biden prepared to meet with McCarthy face to face with only 10 days to go until the U.S. risks default. Biden is hoping to reach a debt limit deal that would push the next deadline out past the 2024 presidential election. But House Republicans, who so far have endorsed only a one-year hike, say that if Biden wants more time, then he will need to agree to even more cuts.

☆ Republicans walk out of debt ceiling talks, say White House isn't being 'reasonable'
▼ + stars: | 2023-05-19 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +1 min

WASHINGTON — High-stakes talks over raising the debit limit abruptly came to a halt Friday on Capitol Hill, after Republican negotiators walked out of the room and blamed the White House for holding up discussions. Graves said he did not know if talks would resume this weekend. "There are real differences between the parties on budget issues and talks will be difficult," a White House spokesperson told NBC News after the talks broke up. "The President's team is working hard towards a reasonable bipartisan solution that can pass the House and the Senate." Financial markets dipped on the news, which came after a positive week of talks that appeared to signal a deal was close.

☆ McCarthy says House could vote on debt ceiling deal as soon as next week
▼ + stars: | 2023-05-18 | by ( Christina Wilkie | In | ) www.cnbc.com time to read: +2 min

Speaker of the House Kevin McCarthy, R-Calif., conducts a news conference with house and senate Republicans on the "debt crisis," on the west plaza of the U.S. Capitol on Wednesday, May 17, 2023. WASHINGTON — House Speaker Kevin McCarthy said Thursday that he is optimistic that congressional negotiators could reach a deal to raise or suspend the debt ceiling in time to hold a House vote on it next week. This week, the White House dispatched two new negotiators to take the lead in the delicate talks, presidential counselor Steve Ricchetti and Office of Management and Budget director Shalanda Young. Despite the bitterly partisan divide in Congress over the debt limit, McCarthy nonetheless heaped praise on the White House team Thursday. Correction: McCarthy spoke about the debt ceiling deal Thursday.

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