#MEETPRESS News
Debt ceiling: What a US default could look like
aol.com It is impossible to predict exactly how things would unfold if the US takes the unprecedented step of defaulting on its debt in June. What seems likely, experts tell Yahoo…
A Republican win on IRS funding may be a complicated one
newsweek.com Republicans have tried to push for an Internal Revenue Service (IRS) funding cut as part of the potential United States debt ceiling deal, and while this would be a win for…
Why Ron DeSantis’ Twitter debacle undermined his 2024 pitch
msnbc.com There’s a standard move for presidential candidates when launching their campaigns: They and their team pick a location that has something to do with the candidate, find a…
Here’s a look at the most contentious legislation DeSantis has signed leading up to his presidential bid
politico.com Florida Gov. Ron DeSantis has spent the months leading up to his presidential announcement signing legislation that's made national headlines — and hasn’t always garnered a…
Treasury Secretary Janet Yellen Just Announced Some Extremely Distressing News
thestreet.com As the White House negotiates a debt ceiling deal with House of Representatives GOP Majority Leader Kevin McCarthy, U.S. Treasury Secretary Janet Yellen continues to beat…
The “impenetrable armor of the dollar” is at risk
semafor.com The Scene Nine days from the presumed X date, there is still no deal between the White House and House Republicans. A Moody’s executive told Politico that the U.S. is…
Yellen warns Congress that U.S. could face default in just over a week
cbsnews.com Treasury Secretary Janet Yellen warned Congress in a letter Monday that the U.S. government might not be able to pay the bills in just over a week — as early as June 1 — if…
Yellen Now Says US ‘Highly Likely’ to Run Out of Cash in Early June
yahoo.com Treasury Secretary Janet Yellen on Monday added a new level of urgency to her warning to lawmakers that the U.S. could run out of cash in early June. “I am writing to note…
How three tech insiders view AI regulation
semafor.com The News The founders of OpenAI said an international authority is needed to regulate artificial intelligence in the company’s latest call for a rulebook to govern the…
What Happened to "Paying off the National Debt"?
calculatedriskblog.com At the turn of the millenium, the concern was that the US was paying off the debt too quickly! Here are a few excerpts from a speech by then Fed Chair Alan Greenspan in…
Biden and McCarthy Describe ‘Productive’ Meeting, but No Agreement Is Reached
nytimes.com The deadline to reach an agreement is June 1. House Speaker Kevin McCarthy said he expected to speak with President Biden daily until they reach an agreement. With the…
Treasury Secretary Yellen Insists US Could Default on June 1
bitcoin.com U.S. Treasury Secretary Janet Yellen has insisted that the U.S. could default on its debt obligations on June 1. “I think that’s a hard deadline,” she stressed. Meanwhile,…
GOP's cut to IRS funding in debt limit plan would backfire
politico.com Republicans say they’re trying to reduce government red ink but their demands to cut IRS funding as part of a debt limit deal would actually worsen the deficit. Forecasters…
Traders Brace for Volatility With US Debt Deal Still Elusive
yahoo.com Investors are girding for spikes in currency volatility and losses in equities as the US struggles to clinch a debt-limit deal. • None China’s $23 Trillion Local Debt Mess…
The Biden administration technocrats fending off a debt-limit catastrophe
politico.com So-called payment prioritization, which officials have studied and gamed out but never used in practice, could allow the U.S. to avoid defaulting on its debt — the financial…
Why progressives want Joe Biden to consider going it alone on the debt ceiling
vox.com Rep. Ilhan Omar, right, and Congressional Progressive Caucus chair Rep. Pramila Jayapal, left, conduct a news conference with newly elected members of the caucus in…
Debt ceiling: Washington grapples with ‘hard choices’ if no deal is in place by June 1
yahoo.com Washington is publicly planning for what the world could look like on June 1 if no debt-ceiling deal is in place. The immediate economic effects of the first-ever true…
‘Hard choices’ in D.C. if no deal is reached by June 1
aol.com Washington is publicly planning for what the world could look like on June 1 if no debt-ceiling deal is in place. The immediate economic effects of the first-ever true…
Janet Yellen Says June 1 Remains 'Hard Deadline' For Congress To Raise Debt Limit
huffpost.com Treasury Secretary Janet Yellen on Sunday repeated her assessment that June 1 is a “hard deadline” for Congress to raise the debt ceiling as the White House continues to…
Biden and McCarthy to meet on the debt ceiling with only 10 days until U.S. risks default
cnbc.com WASHINGTON — White House negotiators and representatives of House Speaker Kevin McCarthy resumed debt ceiling talks Monday morning, as President Joe Biden prepared to meet…
White House says if the US defaults on its debt, the stock market could fall 45%
cnbc.com U.S. President Joe Biden holds a press conference at the conclusion of the G7 Summit, in Hiroshima, Japan, May 21, 2023. As a possible debt default looms just 11 days away,…
Yellen Says America May Not Pay Its Bills
thestreet.com This is the multi-billion dollar question that worries investors around the world. Will there be an agreement in the United States on raising the debt ceiling between the…
Debt ceiling woes could kill dealmaking on Wall Street
cnn.com A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the…
Morning Rundown: Biden and McCarthy to meet, GOP presidential primary clash, Zelenskyy compares Bakhmut’s devastation to Hiroshima
nbcnews.com Biden and McCarthy to meet for debt ceiling negotiations as default looms. The Republican 2024 presidential primary looks set to heat up this week. And meet the Ukrainian…
Stock Futures Flat; Biden-McCarthy Debt Meeting; EU Fines Meta; Ford Capital-Markets Day; Micron-China -- Five Things to Know
thestreet.com 1. -- U.S. Stock Futures Flat as Biden, McCarthy Agree to Meet on Debt Ceiling U.S. equity futures on Monday morning were flat as investors focused on a planned meeting…
The US debt-default 'X-date' is actually June 8 or 9: Goldman Sachs
businessinsider.com The US could default on its debt on June 8 or June 9, Goldman Sach's chief political economist told Bloomberg. • That's about a week later than the June 1 "X-date" indicated…
Treasury to run low on cash by June 8 or 9 unless debt limit raised: Goldman Sachs
foxbusiness.com The Treasury Deptartment is expected to run out of the cash necessary to fund the by June 8 or 9 unless the debt ceiling is lifted, according to a report by Goldman Sachs.…
Biden says he likely has authority to use 14th Amendment on debt ceiling, but it may be too late
marketwatch.com President Joe Biden said Sunday that he believes he has the authority to invoke the 14th Amendment to resolve the debt-ceiling crisis, but that it may be too late in the…
Debt limit negotiations resume as McCarthy, Biden plan for pivotal meeting Monday
pbs.org Debt ceiling talks between the White House and House Republicans resumed Sunday at the Capitol as Washington races to strike a budget compromise along with a deal to raise…
Yellen Sends Final Warning About America
thestreet.com This is the multi-billion dollar question that worries investors around the world. Will there be an agreement in the United States on raising the debt ceiling between the…
Yellen Sends Final Warning to White House And Congress
thestreet.com This is the multi-billion dollar question that worries investors around the world. Will there be an agreement in the United States on raising the debt ceiling between the…
Yellen Warns the U.S. Is at the Cliff's Edge
thestreet.com This is the multi-billion dollar question that worries investors around the world. Will there be an agreement in the United States on raising the debt ceiling between the…
Yellen says odds of US paying all its bills by June 15 is ‘quite low’ as debt ceiling deadline looms
foxbusiness.com U.S. Treasury Secretary Janet Yellen said Sunday that she believes the country’s chances of paying all its bills by June 15 are "quite low" and warned that some bills will…
McCarthy says he'll meet with Biden Monday after 'productive' debt ceiling call
nbcnews.com WASHINGTON — After he spoke to President Joe Biden by phone Sunday, House Speaker Kevin McCarthy, R-Calif., said they have agreed to meet in person Monday afternoon to work…
Chuck Todd Blasts Republican Congressman for Defending Trump’s Debt Flip-Flop: ‘Do You Realize How Absurd That Sounds?’
thewrap.com As the June 1 deadline to raise the debt ceiling approaches, NBC News’ Chuck Todd blasted Republican Congressman Byron Donalds for defending Donald Trump’s flip-flopping on…
Janet Yellen reaffirms June 1 as hard deadline to raise the debt ceiling
cnn.com 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. “I indicated in my last…
GOP rep. confronted with Trump flip-flop on debt limit
newsweek.com Representative Byron Donalds, a Florida Republican, was asked about former President Donald Trump's contradicting remarks that he has made in regard to the United States'…
Debt Ceiling Negotiations Crumble, McCarthy And Biden To Hold Sunday Call As Impasse Intensifies
zerohedge.com Debt Ceiling Negotiations Crumble, McCarthy And Biden To Hold Sunday Call As Impasse Intensifies Negotiations in Washington DC over the debt ceiling have taken a big step…
Biden ‘Can’t Guarantee’ GOP Won’t Force Default As Debt Ceiling Deadline Nears
forbes.com President Joe Biden cautioned Sunday that congressional Republicans may do something “outrageous” to force the U.S. to default on its loans, as the negotiations between…
WATCH: Biden holds news briefing on stalled debt limit talks as G7 summit wraps up
pbs.org President Joe Biden said Sunday that Republicans in the U.S. House must move off their “extreme positions” on the now-stalled talks over raising America’s debt limit and…
‘We Need a Real Church Committee’: Chuck Todd Calls for a Full-Scale Probe Into the FBI, Says Trust in the Bureau is ‘Eroding Left and Right’
mediaite.com Chuck Todd delivered a grim assessment of the FBI following this week’s release of Special Counsel John Durham’s report on the origins of the Russia probe. Speaking on…
Biden says 'MAGA Republicans' are wiling to risk a debt default in order to hurt his reelection bid
businessinsider.com President Joe Biden speaks during a news conference following the G7 summit in Hiroshima, Japan. Kiyoshi Ota/Pool Photo via AP President Biden said the GOP would have to…
As debt default looms closer, negotiators say they are moving further apart
politico.com The threat of a potential U.S. default on its debt is growing ever closer. The same can’t be said for the negotiators working to secure a deal to stave off an economic…
Janet Yellen says odds U.S. can pay its bills by mid-June ‘quite low’ as fears of catastrophic default grow
fortune.com Treasury Secretary Janet Yellen said the US is unlikely to reach mid-June and still be able to pay its bills, underscoring the urgency of the White House reaching a deal…
Yellen says early June is 'hard deadline for' raising debt limit, warns bills will go unpaid
nbcnews.com Treasury Secretary Janet Yellen said Sunday that early June is a "hard deadline" for the federal government to raise the debt ceiling and warned that bills will go unpaid if…
Yellen says June 1 is 'hard deadline' for raising debt ceiling
investing.com U.S. Treasury Secretary Janet Yellen on Sunday said June 1 remains a "hard deadline" for raising the federal debt limit, with the odds quite low that the government will…
When the tech boys start asking for new regulations, you know something’s up
theguardian.com Watching the opening day of the US Senate hearings on AI brought to mind Marx’s quip about history repeating itself, “the first time as tragedy, the second as farce”. Except…
House Republican Submits Resolution To Expel 'Liar' Adam Schiff From Congress
zerohedge.com House Republican Submits Resolution To Expel 'Liar' Adam Schiff From Congress After Rep. Adam Schiff relentlessly peddled the Russiagate hoax and claimed without proof that…