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☆ Here's what will happen to Social Security payments and SNAP if the government shuts down
▼ + stars: | 2023-09-26 | by ( Ayelet Sheffey | Juliana Kaplan | ) www.businessinsider.com time to read: +5 min

A shutdown could risk Social Security payments and SNAP benefits. But with House Republicans in disarray , that seems unlikely to happen before the weekend deadline. But even if the Senate agrees on that measure, House Republicans continue to be at odds. Speaker of the House Kevin McCarthy told Punchbowl News on Tuesday that he wouldn't engage in "hypotheticals" when it comes to a clean Senate funding bill. AdvertisementAdvertisementStill, the Biden administration is continuing to place the blame on House Republicans for bringing the US to the brink of a government shutdown once again.

Persons: —, Nancy Altman, Biden, Tom Vilsack, Vilsack, that's, Chuck Schumer, Mitch McConnell, Kevin McCarthy, Jeff Stein, McCarthy, Gofyc437z6 —, I'm Organizations: SNAP, Service, Republicans, Social, Social Security, CNN, Women, Assistance, WIC, USDA, Management, Budget, Punchbowl News, Conservative, Washington, Representatives Locations: America

☆ The government could shut down in a week. Here's what's at stake for Americans.
▼ + stars: | 2023-09-22 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

Come September 30, some Americans may not see a paycheck or be able to visit parks. For everyday Americans, that could mean losing out on paychecks or childcare spots, and it could even worsen flight delays. The Social Security Administration, for instance, anticipates about 8,500 employees would be furloughed in a shutdown. Travel plans might be further disrupted as Transportation Security Administration workers and air-traffic controllers go without pay, the White House said. The White House has repeatedly said Republicans are bringing Americans this close to another government shutdown.

Persons: GOPers, Kevin McCarthy, holdouts, McCarthy, I've, Here's, wouldn't, Deb Haaland, Biden, Mike Simpson, Politico, we've, haven't Organizations: Service, Caucus, Main Street Caucus, Punchbowl News, Social Security, Management, Social Security Administration, Social, Department of Health, Human Services, Medicare, Center, American Progress, Environmental, Agency, Drug, Occupational Safety, Health Administration, US Department of Agriculture, NASA, Republican, Transportation Security Administration, Federal Budget, East, Republicans Locations: Wall, Silicon, East Coast, Idaho

☆ The chaos over an impending shutdown is so bad that some Republicans say they'll join forces with Democrats to keep the government open
▼ + stars: | 2023-09-22 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Some Republicans are now saying they'll work across the aisle to keep the government open. It's getting members on both sides of the aisle antsy — and despite conservative pushback, some Republicans are willing to work with Democrats to get the job done. AdvertisementAdvertisement"Extreme House Republicans need to stop playing political games with people's lives," White House Press Secretary Karine Jean-Pierre said in a briefing Thursday , adding: "A deal is a deal. House Republicans need to do their job, keep the government open, and work with us to deliver — to deliver for the American people." The last time Americans faced a government shutdown was in 2019 under former President Donald Trump, who led a 35-day shutdown — the longest in US history .

Persons: It's, Don Bacon, Mike Lawler, he'd, Lawler, @lawler4ny, Joe Biden, Kevin McCarthy, McCarthy, Matt Gaetz, people's, Karine Jean, Pierre, Donald Trump, Trump Organizations: Republicans, Service, Congress, GOP, Punchbowl News, Republican, CNN, Caucus, Capitol, Social Security, SNAP, Small, Administration, House Press Locations: Wall, Silicon, New York

US President Joe Biden and Ukrainian President Volodymyr Zelenskyy shake hands during an expanded bilateral meeting in the East Room of the White House in Washington, DC, on September 21, 2023. The U.S. will provide Ukraine with an additional $325 million in military aid, President Joe Biden announced Thursday during a White House meeting with Ukrainian President Volodymyr Zelenskyy. Before the meeting began in the Oval Office, Biden and Zelenskyy gave brief remarks to the press. In Washington, Zelenskyy met for a little more than an hour with senators on Capitol Hill. Zelenskyy visited Washington in December and delivered an address to a joint meeting of Congress.

Persons: Joe Biden, Volodymyr Zelenskyy, Abrams, Biden, Amanda Sloat, Andrea Mitchell, Sloat, Zelenskyy, Jake Sullivan, Antony Blinken, Kamala Harris, Defense Lloyd Austin, Kevin McCarthy, McCarthy, Zelensky, Sen, Mike Rounds, Zelenskyy's, Cynthia Lummis, Rounds Organizations: White, Washington , D.C, National Security Council, Office, Russia, Pentagon, Defense, United Nations General Assembly, Punchbowl News, NBC, Republicans, Management, Shalanda Young, Wall Street, Capitol, General Assembly, NATO, Department of Defense Locations: Washington ,, U.S, Ukraine, Europe, Ukrainian, Washington, Russia, New York City, Zelenskyy, Ukrainians, Vilnius, Lithuania

But the essence of the argument is that lower bond volatility ups the amount of cash liquidity flowing around world markets, and vice versa. But it is the incremental movement in this giant pool that arguably matters most for stock markets and asset prices. Even though global liquidity is shrinking as you might expect in the face of rising Western interest rates, central bank balance sheet reduction and a higher dollar, other offsets are significant. But falling bond volatility has likely played a big part in softening the blow too. "The two together have helped overall liquidity conditions - but we are mindful that bond markets are likely to remain volatile and need to be monitored carefully."

Persons: CrossBorder, Mike Dolan, Matthew Lewis Organizations: Federal Reserve, coy, Treasury, Fed, Bank, People's Bank of, New York Fed, Reuters Graphics, Reuters, Thomson Locations: Treasuries, punchbowl, People's Bank of China, United States

☆ I'm 'extremely pessimistic' there will be a deal to avert a shutdown, says Punchbowl's Jake Sherman
▼ + stars: | 2023-09-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI'm 'extremely pessimistic' there will be a deal to avert a shutdown, says Punchbowl's Jake ShermanJake Sherman, Punchbowl News co-founder, joins 'Squawk Box' to discuss the latest in negotiations on Capitol Hill to avert a government shutdown, why the GOP bill to avert a shutdown faces stiff resistance within the party, the challenges facing House Speaker Kevin McCarthy, and more.

Persons: Jake Sherman Jake Sherman, Kevin McCarthy Organizations: Punchbowl News, Capitol, GOP

☆ Ukraine's Zelenskiy to visit US Congress next week, reports say
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +1 min

Punchbowl News on Friday said Zelenskiy's visit with Congress was tentatively scheduled for Thursday. The Washington Post also reported Zelenskiy was set to travel to the U.S. Congress on Thursday, while the Wall Street Journal said he would meet with U.S. lawmakers. Representatives for Zelenskiy and congressional leaders could not be immediately reached for comment on the reports. Zelenskiy is expected to head to Washington next week following his trip to New York for the U.N. General Assembly meeting, the U.S. official told Reuters on Thursday. His visit comes as Biden, a Democrat, presses U.S. lawmakers to provide an additional $24 billion for Ukraine and other international needs amid Russia's ongoing invasion.

Persons: Volodymyr Zelenskiy, Biden, Zelenskiy's, Zelenskiy, Susan Heavey, Alison Williams, Chizu Organizations: Ramstein Air Base, Rights, U.S, Congress, Punchbowl, Washington Post, Wall Street Journal, U.S ., Reuters, U.S . Senate, . House, Representatives, Ukraine, Thomson Locations: Germany, Ukraine, Kyiv, Ukrainian, Washington, New York

☆ Republicans are running out of time to avoid a government shutdown so they can continue their Biden impeachment efforts
▼ + stars: | 2023-09-14 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

Speaker of the House Kevin McCarthy said Republicans should not let the government shut down. Conservatives have attached demands to government funding, including a Biden impeachment inquiry. But conservatives are determined to find a solution so they can continue investigating President Joe Biden. But at this point, Republicans and Democrats have yet to agree on a solution that would avoid a government shutdown. "Speaker McCarthy also told us that starting next week, we aren't leaving until we get government funding done.

Persons: Kevin McCarthy, Biden, Joe Biden, McCarthy, Marjorie Taylor Greene, they've, GOP Sen, Mike Braun, Goldman Sachs, Anita Dunn Organizations: Service, Punchbowl News, Democrats, Democratic, Republicans, GOP, Politico Locations: Wall, Silicon, Washington

☆ Schumer to Lead Senate Delegation to China Amid Tensions
▼ + stars: | 2023-09-13 | by ( Karoun Demirjian | ) www.nytimes.com time to read: +1 min

The delegation, which Mr. Schumer will lead alongside Senator Michael D. Crapo, Republican of Idaho, also plans to make stops in Japan and South Korea, according to spokespeople for both senators’ offices. The planned visit was reported earlier by Punchbowl News. Mr. Schumer has been supportive of the approach, cheering on the restrictions in particular as important steps to reduce China’s ability to threaten U.S. national security. Mr. Schumer has long been a hawk when it comes to China, with a record of blasting Beijing for currency manipulation, unfair trade practices and aggressive actions against Taiwan. He is now pushing to impose sanctions on China for its role in fentanyl trafficking and to rally senators around strategies to outpace China in the realm of artificial intelligence.

Persons: Chuck Schumer, Biden, Schumer, Michael D, Crapo, ’ Organizations: Republican, Punchbowl News, Taiwan Locations: China, United States, Beijing, Idaho, Japan, South Korea, U.S

CNN —House Speaker Kevin McCarthy announced Tuesday he is calling on his committees to open a formal impeachment inquiry into President Joe Biden, even as they have yet to prove allegations he directly profited off his son’s foreign business deals. While McCarthy has already publicly threatened to launch an inquiry, sources say that McCarthy has sent even stronger signals about his intentions behind closed doors. Punchbowl first reported McCarthy’s expected message on an impeachment inquiry. But Tuesday’s news will mark a real effort by McCarthy to start moving ahead and get House Republican skeptics on board with proceeding. House Republican leadership will need to formally whip votes at some point which they have not yet done.

Persons: Kevin McCarthy, Joe Biden, McCarthy, “, ”, Hunter, James Comer of, Jason Smith of, Jim Jordan of, Biden Organizations: CNN —, California Republican, Capitol, Representatives, Republicans, Republican, CNN, Republican House, House Republican Locations: California, James Comer of Kentucky, Jason Smith of Missouri, Jim Jordan of Ohio, Punchbowl

☆ Kevin McCarthy plans to formally endorse an impeachment inquiry into Biden
▼ + stars: | 2023-09-12 | by ( Rebecca Kaplan | Summer Concepcion | ) www.cnbc.com time to read: +5 min

House Speaker Kevin McCarthy, R-Calif., plans to endorse an impeachment inquiry into President Joe Biden in an effort to seek bank records and other documents from the president and his son Hunter Biden, two Republican sources familiar with the speaker's intentions told NBC News. McCarthy has signaled for weeks that the House could take up an impeachment inquiry, which would provide additional legal power to the House's investigations into the Biden family. It is unclear whether there are sufficient votes within the GOP conference to open an impeachment inquiry into the president. The White House is ramping up a war room to lead a response to a Republican impeachment inquiry, NBC News previously reported. McCarthy's move to endorse an impeachment inquiry into Biden comes amid pressure from right-wing Republicans,who are pushing back against a short-term funding bill to avert a government shutdown at the end of the month.

Persons: Kevin McCarthy, Joe Biden, McCarthy, Hunter Biden, Jim Jordan, James Comer, Biden, Hunter, we're, we've, Devon Archer, Ken Buck, Buck, Jen Psaki, McCarthy's, Matt Gaetz, —, Kevin, Gaetz, Eric Swalwell, Marjorie Taylor Greene, he's, Matt Organizations: NBC News, GOP, House Republican Conference, Punchbowl News, American, Republicans, Freedom Caucus, NBC, Monday, Sunday Locations: Washington , DC, Ohio, Ky

☆ These safe assets offer yields exceeding 5%. Why investors shouldn’t lean too heavily on them
▼ + stars: | 2023-09-11 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +4 min

The Fed's rate-hiking campaign gave investors an opportunity they haven't seen in years: Risk-free returns are finally interesting. Six-month Treasurys are yielding 5.5%, while a bevy of money market funds are offering 7-day yields exceeding 5%, according to Crane Data . However, at some point, rates will come down — and investors hiding in short-term, high-yielding assets could find themselves with no place to go. That means investors could be left with few places to go for attractive yields in a lower rate environment as their shorter-term assets mature — known as reinvestment risk. The benefit of laddering when rates are high is that the longer-dated bonds will have already locked in the higher yields.

Persons: There's, we've, Crystal Cox, Matthew McKay, McKay, Jerrod Pearce, Pearce, Wealthspire's Cox Organizations: Federal Reserve, Data, Wealthspire Advisors, Briaud Financial, CFP, Creative Planning

☆ I do think the government will shut down between now and early 2024: Punchbowl's Jake Sherman
▼ + stars: | 2023-08-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI do think the government will shut down between now and early 2024: Punchbowl's Jake ShermanJake Sherman, Punchbowl News founder, joins 'Squawk Box' to discuss the fight on Capitol Hill to avert a government shutdown at the end of September, after reports of House Leader Kevin McCarthy and Senate Majority Leader Chuck Schumer discussing the idea of a months-long funding package, the state of the 2024 presidential race, and more.

Persons: Jake Sherman Jake Sherman, Kevin McCarthy, Chuck Schumer Organizations: Punchbowl News, Capitol

☆ Chuck Schumer and Mitch McConnell agree on one thing: GOP Rep. Derrick Van Orden yelling at a group of Senate pages was 'despicable'
▼ + stars: | 2023-07-28 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

GOP Rep. Derrick Van Orden cursed at and berated a group of teenage Senate pages for lying down in the Capitol Rotunda on Wednesday. Both Senate Minority Leader and the Senate Majority Leader admonished Van Orden for his conduct. You are defiling the space you [pieces of shit]," Van Orden reportedly told the pages late Wednesday evening, according to The Hill. It doesn't appear that Van Orden checked with his colleagues before making such a statement. After hearing about Van Orden's actions toward the Senate pages, Schumer tore into the congressman.

Persons: Derrick Van Orden, Van Orden, Chuck Schumer, Mitch McConnell, Van, Schumer, bipartisanship, McConnell, Van Orden's, DVO, MAGA, Rebecca Cooke Organizations: Service, Republican, Punchbowl News, The, Milwaukee Journal Sentinel, Wall Street, Capitol, Democratic Locations: Wall, Silicon

☆ GOP congressman says he's being 'threatened' with 'bad press' after screaming and cursing at teenagers in the Capitol late at night
▼ + stars: | 2023-07-27 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +2 min

Rep. Derrick Van Orden screamed and cursed at young Senate pages in the Rotunda on Wednesday night. He now says he's being "threatened with bad press" for doing so. Van Orden was notably among the thousands of Trump supporters who descended on DC on January 6. You are defiling the space you [pieces of shit]," Van Orden said, according to The Hill. "Luckily, bad press has never bothered me and if it's the price I pay to stand up for what's right, then so be it," he said.

Persons: Derrick Van Orden, Van Orden, Trump, —, It's, he'd, Max Cohen, Van Orden — Organizations: Service, Republican, Punchbowl News Locations: Wall, Silicon, Wisconsin, Washington, DC

☆ The FBI is furious Chuck Grassley released an internal document that makes unverified claims about Hunter and Joe Biden accepting bribes
▼ + stars: | 2023-07-20 | by ( Sonam Sheth | Brent D. Griffiths | ) www.businessinsider.com time to read: +5 min

GOP Sen. Chuck Grassley published an FBI document containing an unverified allegation made by a Ukrainian CEO. The Ukrainian executive boasted he'd bribed Joe and Hunter Biden, an FBI informant claimed. FBI told Insider the release of the document "at minimum — unnecessarily risks the safety of a confidential source." When he visited the country in March 2016, Joe Biden pressed hard for Shokin to be fired for corruption. Bloomberg also reported that the Burisma investigation was largely dormant when Biden called for Shokin to be fired.

Persons: Sen, Chuck Grassley, he'd, Joe, Hunter Biden, Joe Biden, Hunter, Mykola Zlochevsky, Zlochevsky, Ron Johnson, Grassley, oligarch, Johnson, Vicki McKenna, Donald Trump, James Comer, Comer, —, Viktor Shokin, Biden, Shokin, Trump Organizations: FBI, Service, Biden, Iowa Republican, Department, Republicans, Burisma Holdings, Street Journal, Bloomberg, Trump Justice Department, U.S, Attorney Locations: Ukrainian, Wall, Silicon, PunchBowl, Ukraine

☆ Donald Trump is by far the leader in the 2024 GOP presidential race, says Punchbowl's Jake Sherman
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDonald Trump is by far the leader in the 2024 GOP presidential race, says Punchbowl's Jake ShermanJake Sherman, Punchbowl News founder, joins' Squawk Box' to discuss the state of the 2024 presidential race, whether any candidate can catch up to Donald Trump in the polls on the GOP side, and whether Joe Biden is the presumptive Democratic nominee, and more.

Persons: Donald Trump, Jake Sherman Jake Sherman, Joe Biden Organizations: GOP, Punchbowl News, Democratic

☆ Australia's central bank loses chief to public ire over rates
▼ + stars: | 2023-07-14 | by ( Wayne Cole | ) www.reuters.com time to read: +5 min

Lowe's dedication to the bank is not in doubt, having joined straight from school in 1980. The first mainly impacted markets while the second, and more fateful, soured sentiment with the public and politicians. A later review found the event had caused the bank "reputational damage" and the policy was unlikely to be used again. Lowe's mistake in 2021 was to be too specific on timing by repeatedly saying rates were unlikely to rise until 2024. With prices rising rapidly, Lowe was forced to reverse course and hike rates in May, a whole two years earlier than forecast.

Persons: Philip Lowe it's, Lowe, I'm, we'd, Jim Chalmers, Chalmers, Lowe's, Michele Bullock, Bullock, Wayne Cole, Shri Navaratnam Organizations: SYDNEY, Reserve Bank of Australia, MIT, Reserve Bank, Thomson Locations: Australia, Lincoln

☆ Lawmaker who opposed tech antitrust bills to become top Democrat on House subcommittee
▼ + stars: | 2023-06-14 | by ( Lauren Feiner | ) www.cnbc.com time to read: +2 min

Rep. Lou Correa, D-Calif., who opposed a package of bills seeking to reform antitrust law to rein in Big Tech companies, will become the top Democrat on the House Judiciary subcommittee on antitrust, Judiciary Committee Ranking Member Jerry Nadler, D-N.Y., announced Wednesday. CNBC first reported that Correa was the top contender for the role, despite his voting record on antitrust deviating from that of his predecessor. It resulted in a package of bills to limit their power that passed through the subcommittee under Cicilline's stewardship. But Correa and other California lawmakers on the subcommittee voted against the bills. WATCH: Here's why some experts are calling for a breakup of Big Tech after the House antitrust report

Persons: Lou Correa, Jerry Nadler, Correa, David Cicilline, Ken Buck, Thomas Massie, Buck, Cicilline Organizations: Big Tech, CNBC, Former, Democratic, Republican, Apple, Google, Facebook, Congressional Hispanic Caucus, Punchbowl News, Committee, YouTube Locations: California

☆ Middle Eastern investors are pouring money into US media, sports, and entertainment — here are the 9 most active players and their key leaders
▼ + stars: | 2023-06-05 | by ( Lucia Moses | Claire Atkinson | ) www.businessinsider.com time to read: +10 min

Investors in Saudi Arabia, Qatar, and United Arab Emirates are pouring money into Western media and entertainment. Sovereign funds and other entities in Saudi Arabia, Qatar, and the UAE are pouring millions into US media and entertainment, and they're finding plenty of takers. The channels for money from Saudi Arabia and other parts of the Middle East are complex. Insider broke down the key entities — their owners, leaders, and high-profile investments and joint ventures — in the top three Middle Eastern nations pouring money into US entertainment and media. It describes itself as the largest media company in the Middle East and North Africa and runs one of the largest TV news channels, Al Arabiya.

Persons: Jamal Khashoggi's, Saudi Crown Prince Mohammed bin Salman, —, WME, Jimmy Finkelstein's, Abu Dhabi's, It's, Yasir Al, Rumayyan, Waleed bin Ibrahim Al Ibrahim, Sam Barnett, Peter Smith —, Christina Wayne, SRMG, Mohammed bin Salman, Alrashid, Johnny Depp, Jeanne du Barry, Sharon Stone, Bruno Mars, Luca Guadanigno, Vince McMahon's, Turki Al, Mohammed bin Abdulrahman bin Dayel, Mansoor bin Ebrahim Al, Mahmoud, Peter Chernin, Nasser Al, Germain, BeIN, Sheikha Al Mayassa bint Hamad, Khalifa Al, Vincent, Asghar Farhadi's Oscar, Nart Bouran, JAF, Jeff Zucker, Graydon Carter's, it's, Semafor, Sheikh Mansour bin Zayed Al Nahyan, Sheikh Mansour, Sultan Ahmed Al Jaber Organizations: United, Sovereign, Saudi, Washington Post, Saudi Crown, Endeavor, UFC, IMI, Abu Dhabi Media Investment Corporation, Public Investment Fund, Saudi Aramco, Newcastle United, English football, PGA, MBC, Shahid, Netflix, Vice Media, Variety, MBC Group's, Antenna Group, Cineflex Studios, NBCUniversal International, Amazon, AMC, Saudi Research, Media, Publicly, Red Sea, Cannes, Penske Media Corporation, Bloomberg Media, Vince McMahon's WWE, country's General Entertainment Authority, Development, Cultural Development Fund, George Washington University, American University . Qatar Qatar Investment, Qatar Investment Authority, Providence, BeIN Media, Paris Saint, Miramax, Paramount, Doha Film, Doha Film Institute, H.E, Hollywood Reporter, United Arab Emirates Abu, Investment Authority, UAE, Abu, Abu Dhabi Investment Authority, Hollywood, Dubai Studio, Dubai Media City, National Geographic, BBC News, International Media Investments International Media Investments, National, CNN, Sky News Arabia, Reuters, JAF Communications, Grid, RedBird Capital Partners, Punchbowl News, New York Times, Manchester City, The, Abu Dhabi National Oil Company Locations: Saudi Arabia, Qatar, United Arab Emirates, UAE, Saudi, East, North Africa, Al Arabiya, Netherlands, Greece, Dubai, Jeddah, SRMG, Riyadh, Doha, Europe, Americas, ViacomCBS, Qatari, Thani, Abu Dhabi

☆ 'Neither side got what they wanted' on debt ceiling deal, says Punchbowl's Jake Sherman
▼ + stars: | 2023-05-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Neither side got what they wanted' on debt ceiling deal, says Punchbowl's Jake ShermanPunchbowl News founder Jake Sherman joins 'Squawk Box' to discuss the latest on the debt ceiling negotiations, after President Biden and House Speaker McCarthy reached a deal late Saturday night to raise the debt limit for two years, and what to expect on Capitol Hill this week.

☆ Biden and McCarthy reportedly have agreed to debt ceiling deal
▼ + stars: | 2023-05-27 | by ( ) 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's Statuary Hall on Wednesday, May 24, 2023. U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a deal to raise the federal government's $31.4 trillion debt ceiling, ending a months-long stalemate, Punchbowl News reported on Saturday. "House Republicans have an agreement in principle with the White House on a debt-limit deal. Exact details of the final deal were not immediately available, but negotiators have agreed to cap non-defense discretionary spending at 2023 levels for two years, in exchange for a debt ceiling increase over a similar period, sources told Reuters earlier. McCarthy has vowed to give House members 72 hours to read the legislation before bringing it to the floor for a vote.

Persons: Kevin McCarthy, Joe Biden, Biden, McCarthy Organizations: Punchbowl News, Republicans, White, Twitter, Treasury Department, Internal Revenue Service, Reuters, Democratic, Republican, Congress, Democrat Locations: U.S, United States, Washington

☆ I don't understand Wall Street's optimism on debt ceiling, says Punchbowl's Jake Sherman
▼ + stars: | 2023-05-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailI don't understand Wall Street's optimism on debt ceiling, says Punchbowl's Jake ShermanJake Sherman, Punchbowl News founder, joins 'Squawk Box' to discuss the latest in debt ceiling negotiations, and whether a deal can be reached to avert a U.S. debt default.

☆ AOC says Biden choosing to compromise with the GOP on a debt ceiling deal would be 'profoundly destructive,' and the White House should 'expect pushback on nearly any significant concession'
▼ + stars: | 2023-05-16 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +4 min

Biden is set to meet with top lawmakers on Tuesday to discuss a potential debt ceiling agreement. McCarthy passed a bill in the House that would raise the debt ceiling through March of next year, and it was accompanied by over $4.5 trillion in spending cuts. Even so, some progressive lawmakers have warned the president that he should not bend on Democratic priorities to raise the debt ceiling. Multiple reports have suggested that the White House was considering compromising on rescinding unspent pandemic funding and energy permitting reform in a debt ceiling deal. Democrats – including President Biden – have been clear: these dangerous proposals are not going anywhere.

☆ News startup Messenger launches with Trump 'exclusive' while advertisers expressed skepticism ahead of debut: 'We can't have another Quibi'
▼ + stars: | 2023-05-15 | by ( Lucia Moses | ) www.businessinsider.com time to read: +8 min

Jimmy Finkelstein's startup The Messenger launched today with a Trump interview leading the site. Advertisers said it'll be tough to sell ads on a site without an established audience. The site led with an interview with former President Donald Trump and ads from the American Petroleum Institute. The Messenger said it'll roll out seven other verticals including business, entertainment, and sports later in the year. Image from The Messenger's launch ad campaign.

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