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CNN —House Speaker Kevin McCarthy helped secure a debt limit deal – now he has to secure its passage in the House, with little room for error and a looming threat to his speakership. In a win for McCarthy, a key Republican said he expects to support a rule to set parameters for debate. The powerful House Rules Committee must still vote to adopt the rule, but with that anticipated support, it is now on track to do so — a hurdle that must be cleared before the bill can come to the House floor for a final vote. If he did not support the rule, the debt limit bill may have been unable to advance to the House floor. Roy and Norman have both emerged as leading critics of the bipartisan debt limit bill.

Persons: Kevin McCarthy, –, McCarthy, “, it’s, Thomas Massie, Massie, Chip Roy, Texas, Ralph Norman of, Carolina –, Roy, Norman, ” Massie, Glenn Beck, can’t, Jim Jordan, Ohio, he’s, McCarthy’s, ”, Patrick McHenry, ” McHenry, “ I’m, McHenry Organizations: CNN —, GOP, Treasury Department, CNN, Republican Locations: Kentucky, Carolina

☆ A Republican congressman says DeSantis threatened to primary some House reps if they didn't endorse him over Trump
▼ + stars: | 2023-05-30 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

A Florida congressman bashed Ron DeSantis on Trump Jr.'s show. Steube also claimed DeSantis threatened to unseat those who won't endorse him. Ron DeSantis threatened to primary members of Congress if they endorsed former President Donald Trump over him. Adding to that on Trump Jr.'s podcast, Steube said he was excluded from briefings and press conferences with DeSantis whenever they were in his district. Adding to his list of grievances against DeSantis on the podcast, the congressman from Florida said he was miffed because DeSantis threatened to primary members of Congress who didn't endorse him.

Florida Governor Ron DeSantis, a candidate for the Republican 2024 presidential nomination, said the deal does not do enough to change the fiscal trajectory. "After this deal, our country will still be careening toward bankruptcy," he said on Fox News. There's no question about that," said Republican Representative Dusty Johnson, who said he had talked to dozens of fellow lawmakers. Some $4 trillion in debt for - at best - a two-year spending freeze and no serious substantive policy reforms," Roy wrote on Twitter. McCarthy has predicted it will draw the support of most of his fellow Republicans, who control the House 222-213.

☆ Republicans speak out against U.S. debt-ceiling deal, in sign of rocky road ahead
▼ + stars: | 2023-05-29 | by ( ) www.cnbc.com time to read: +5 min

Florida Governor Ron DeSantis, a candidate for the Republican 2024 presidential nomination, said the deal does not do enough to change the fiscal trajectory. "After this deal, our country will still be careening toward bankruptcy," he said on Fox News. There's no question about that," said Republican Representative Dusty Johnson, who said he had talked to dozens of fellow lawmakers. McCarthy has predicted it will draw the support of most of his fellow Republicans, who control the House 222-213. Most of the savings would come by capping spending on domestic programs like housing, border control, scientific research and other forms of "discretionary" spending.

WASHINGTON, May 27 (Reuters) - U.S. President Joe Biden and top congressional Republican Kevin McCarthy reached a tentative deal to suspend the federal government's $31.4 trillion debt ceiling on Saturday evening, ending a months-long stalemate. Biden and McCarthy held a 90-minute phone call earlier on Saturday evening to discuss the deal, McCarthy briefed his members later in the evening, and the White House and the House leader spoke afterward. [1/6] General view of the U.S. Capitol after U.S. House Speaker Kevin McCarthy (R-CA) reached a tentative deal with President Joe Biden to raise the United States' debt ceiling and avoid a catastrophic default, in Washington, U.S. May 27, 2023. The long standoff on raising the debt ceiling spooked financial markets, weighing on stocks and forcing the United States to pay record-high interest rates in some bond sales. The work to raise the debt ceiling is far from done.

☆ Reaction: Biden, McCarthy debt ceiling deal
▼ + stars: | 2023-05-28 | by ( ) www.reuters.com time to read: +4 min

WASHINGTON, May 27 (Reuters) - U.S. President Joe Biden and top congressional Republican Kevin McCarthy have reached a tentative deal to raise the federal government's $31.4 trillion debt ceiling, ending a months-long stalemate. DEMOCRATIC REPRESENTATIVE TED LIU"Tonight, I have been informed that there is an agreement in principle between the White House and House Republicans. This was a House Republican manufactured crisis. REPUBLICAN REPRESENTATIVE BOB GOOD "I am hearing the 'deal' is for a $4 trillion increase in the debt limit. "If we didn't reach a deal … the average American person would clearly see a hit ... we had to reach some kind of conclusion here."

☆ Biden and McCarthy race to sell their debt ceiling deal to lawmakers before the government runs out of money
▼ + stars: | 2023-05-28 | by ( Kevin Liptak | ) edition.cnn.com time to read: +5 min

“No one claiming to be a conservative could justify a YES vote,” wrote Rep. Bob Good, Republican of Virginia, on Twitter. Biden spoke Saturday with the top Democrat in the House, Rep. Hakeem Jeffries, who will be responsible for marshaling his members. He said he hopes the House will vote as soon as Wednesday, allowing precious little time for each party’s leaders to secure sufficient support. As part of the deal, the White House has also appeared to have made concessions to House Republican negotiators on work requirements for people receiving food stamps. The current work requirement for the program, formally called the Supplemental Nutrition Assistance Program or SNAP, only applies to certain adults between the ages 18-49.

☆ Quite a few Republican representatives are not happy with the debt ceiling deal, and one vowed not to 'bankrupt our country'
▼ + stars: | 2023-05-28 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +3 min

Joe Biden and House Speaker Kevin McCarthy reached a tentative agreement on the debt ceiling. At least two Republican representatives say they will not vote for the agreement. Several Republican representatives say they're unhappy with the debt ceiling deal after the White House and House Speaker reached a tentative agreement Saturday night. Norman, of South Carolina, called the deal "insanity" in a tweet and said a debt ceiling increase with "virtually no cuts" was not what had been agreed. Ralph Norman (@RepRalphNorman) May 28, 2023Buck, of Colorado, said he's "appalled" by the "surrender" to raise the debt ceiling.

☆ Fight still ahead for Texas' Ken Paxton after historic impeachment deepens GOP divisions
▼ + stars: | 2023-05-28 | by ( ) www.cnbc.com time to read: +6 min

Republican Texas Gov. "Free Ken Paxton," Trump wrote on his social media platform Truth Social, warning that if House Republicans proceeded with the impeachment, "I will fight you." "The ugly spectacle in the Texas House today confirmed the outrageous impeachment plot against me was never meant to be fair or just," Paxton said. The impeachment accuses Paxton of attempting to interfere in foreclosure lawsuits and issuing legal opinions to benefit Paul. "But for Paxton's own request for a taxpayer-funded settlement over his wrongful conduct, Paxton would not be facing impeachment," the panel said.

However just ahead of the expected call between Biden and McCarthy, Republican deal negotiator Patrick McHenry told reporters "major disagreement" remained between his party and Biden's Democrats. That's what we've offered with our approach to raising the debt ceiling, with work requirements for able bodied folks to get back in the workforce. The two sides have tentatively reached an agreement that would raise the debt ceiling by enough to cover the country's borrowing needs through the November 2024 presidential election. Republican Representative Dan Bishop reacted with anger to the idea of extending the debt ceiling through the next presidential election. A failure by Congress to raise its self-imposed debt ceiling before June 5 could trigger a default that would shake financial markets and send the United States into a deep recession.

The two sides have tentatively reached an agreement that would raise the debt ceiling by enough to cover the country's borrowing needs through the November 2024 presidential election. It would boost spending on the military and veterans' care, and cap spending for many discretionary domestic programs, according to sources familiar with the talks. McCarthy said Republicans were also still pushing for reforms to energy permitting, including making it easier to drill for gas and oil. Republican Representative Dan Bishop reacted with anger to the idea of extending the debt ceiling through the next presidential election. A failure by Congress to raise its self-imposed debt ceiling before June 5 could trigger a default that would shake financial markets and send the United States into a deep recession.

"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.

☆ 'Jeopardy' host Ken Jennings zinged embattled Rep. George Santos after the congressman was the correct answer in a category on the game show
▼ + stars: | 2023-05-27 | by ( John L. Dorman | ) www.businessinsider.com time to read: +3 min

"Jeopardy" host Ken Jennings zinged George Santos after the GOP Rep. was featured in a clue. "I don't get to say this very much but George Santos is correct," he said during the episode. "Who is George Santos?" "I don't get to say this very much but George Santos is correct," Jennings said in a swipe at the Republican lawmaker. Earlier this month, federal prosecutors charged Santos with wire fraud, money laundering, and theft of public funds, part of a 13-count indictment.

☆ Lauren Boebert says President Biden's plan to fight antisemitism is a plot 'to go after conservatives'
▼ + stars: | 2023-05-27 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +2 min

President Biden has announced a new plan to tackle record-high antisemitism in the USA. The White House responded: "If anyone finds opposition to hate threatening, they need to look inward." The gun-rights activist described the newly-announced "tactics" —which include encouraging social media companies to tackle antisemitism and to "build cross-community solidarity" — as "straight out of the USSR's playbook." In another Twitter response, White House press secretary Andrew Bates said, "Congresswoman Boebert is mistaken; antisemitism is not 'conservative' — it is evil." Bates added, "If anyone finds opposition to hate threatening, they need to look inward.

☆ Janet Yellen isn't 'credible' and the US won't default on its debt on June 1, Republican congressman says
▼ + stars: | 2023-05-25 | by ( Ethan Dodd | ) www.businessinsider.com time to read: +5 min

Congress can't raise the debt ceiling and avoid economic crisis because Republicans want spending cuts. Janet Yellen said Treasury may not be able to delay a default past June 1. To avoid a default, Congress has to raise the debt ceiling, and Republicans won't do it unless Democrats agree to spending cuts. Janet Yellen was wrong on having interest rates too low for far too long. Asked about his alternative date, Donalds said, "Listen, I'm not the Treasury Secretary.

CNN —Treasury Secretary Janet Yellen reaffirmed June 1 as the “hard deadline” for the US to raise the debt ceiling or risk defaulting on its obligations. So I think that that’s a hard deadline,” Yellen said during an interview on NBC’s “Meet the Press.”Yellen’s warning came hours after President Joe Biden delivered a grim assessment on the state of negotiations during his remaining hours in Japan. Reflecting that shift tone, the treasury secretary reiterated that there will be some bills that go unpaid, if the debt ceiling isn’t raised. “There will be hard choices to make if the debt ceiling isn’t raised,” she said. “My devout hope is that Congress will raise the debt ceiling,” she said.

☆ Biden says GOP must move off 'extreme' positions, and that there will be no debt limit deal solely on its 'partisan terms'
▼ + stars: | 2023-05-21 | by ( ) www.cnbc.com time to read: +4 min

GOP lawmakers are holding tight to demands for sharp spending cuts, rejecting the alternatives proposed by the White House for reducing deficits. GOP lawmakers are also seeking cuts to IRS funding and asking the White House to accept provisions from their proposed immigration overhaul. Republicans had also rejected White House proposals to raise revenues in order to further lower deficits. He said "the socialist wing" of the Democratic party appears to be in control, "especially with President Biden out of the country." For months, Biden had refused to engage in talks over the debt limit, insisting that Congress was trying to use the borrowing limit vote as leverage to extract other policy priorities.

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.

Ambassador and South Carolina Republican Gov. Nikki Haley has walked a long and windy road when it comes to her one-time boss, former President Donald Trump. DeSantis’ announcement nears: NBC News’ Dasha Burns reports that Florida Republican Gov. And the New York Times reports DeSantis has been telling donors that out of the three “credible” candidates for president (Trump, himself and President Biden), only he and Biden can win. Raising eyebrows: Virginia GOP Gov.

☆ 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.

☆ South Carolina advances 6-week abortion ban
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +3 min

The measure, which passed mostly along party lines with a vote of 82 to 33, is a heavily amended version of a ban that the state Senate passed in February. It failed then because House Republicans wanted to instead push through a near-total abortion ban, which five women in the state Senate banded together to block. A similar six-week ban passed last year was ruled unconstitutional by the South Carolina Supreme Court in January. South Carolina is one of several U.S. states where Republican lawmakers are considering aggressive abortion restrictions this week over strong Democratic opposition. Some of the state senators who supported it originally have expressed opposition to the House version, leaving its fate uncertain.

“Please note, however, that the subpoena remains in full force and effect, and the acceptance of this accommodation does not waive any of the Committee’s rights regarding the subpoena," McCaul wrote. McCaul had scheduled a committee meeting next week to consider a contempt of Congress charge against Blinken over his refusal to release the cable despite the subpoena. In his letter, McCaul said he still wanted every member of the foreign affairs committee to be able to view the cable, something the State Department has resisted to protect the integrity of its dissent channel system. McCaul is investigating the withdrawal from Afghanistan. The State Department did not immediately respond to a request for comment on McCaul's letter.

“I’m not doing that good,” Lt. Ridge Alkonis wrote in a letter dated April 30, which was shared with CNN. “The walls and bars seem to be making my cell even smaller as of late.”“I feel closer to an animal than a human being now,” Ridge Alkonis wrote. “That was the most dejected I’ve ever heard him,” his wife, Brittany Alkonis, told CNN on Thursday. As such, despite her hope for positive movement coming out the G7 trip to Hirsoshima, Brittany Alkonis said she does not have high expectations of a resolution. But based on Japan’s response, it doesn’t seem that they do think it’s a big deal,” Brittany Alkonis said.

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