#RCALIF News
Debt ceiling deadline is extended to June 5, later than previously estimated, Yellen says
aol.com Speaker of the House Kevin McCarthy, R-Calif., talks to reporters about the debt limit negotiations as he arrives at the Capitol in Washington, Friday, May 26, 2023.…
Trump's Niece Says Republicans Not Acting In Good Faith: 2024 Election 'Choice Between Democracy And Fascism'
benzinga.com Mary Trump, niece of former President Donald Trump, in a recent podcast, weighed in on what it would take for the Democrats to emerge victorious in the 2024 election.…
Lawmakers break for holiday with debt talks on the brink
bostonherald.com WASHINGTON — House Republicans are pushing debt ceiling talks to the brink, displaying risky political bravado as they left town Thursday for the holiday weekend just days…
Will the US actually default on its debt? JPMorgan warns the odds are rising
foxbusiness.com There is a one-in-four chance that Washington negotiators fail to raise the debt ceiling and the U.S. government is unable to pay its bills on time. That's according to…
Kevin McCarthy vows to work '24/7' on a debt ceiling solution but House Republicans are about to take a Friday-Monday long weekend
fortune.com House Republicans are pushing debt ceiling talks to the brink, displaying risky political bravado as they prepare to leave town Thursday for the holiday weekend just days…
What Republicans want in exchange for raising the debt limit
cnbc.com 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. WASHINGTON — Debt…
Why US Stock Futures Indicate A Higher Open Today
benzinga.com Sentiment appears to be mixed on Thursday, as tech stocks look poised for a strong rally, propelled by Nvidia Corp.’s NVDA sensational quarterly performance. The underlying…
US debt default could destroy 7 million jobs, analysis shows
foxbusiness.com The U.S. government is hurtling toward its first-ever default on the debt that could be catastrophic for the economy, destroying more than 7 million jobs and triggering a…
Social Security benefits for oldest and poorest could be first at risk in debt default, expert says
cnbc.com As President Joe Biden and House Speaker Kevin McCarthy, R-Calif., continue to negotiate ahead of a June debt ceiling deadline, experts are warning that Social Security…
House Democratic angst grows as Biden's debt limit negotiations with GOP drag on
nbcnews.com WASHINGTON — House Democratic anxieties are flaring over President Joe Biden's negotiations with Republicans to avert default. Some Democrats fear his limited public…
Debt limit negotiations hit 'speed bump,' Democratic official says
nbcnews.com WASHINGTON — Negotiations over how to address the debt limit to avoid a catastrophic default have hit a "speed bump," a Democratic official familiar with the talks told NBC…
House Ethics Committee ends investigation into Rep. Eric Swalwell
nbcnews.com The House Ethics Committee ended its two-year investigation into Rep. Eric Swalwell, D-Calif., over allegations that he had ties to a suspected Chinese intelligence…
Just in case: Anxious retirees, social service groups among those making default contingency plans
apnews.com Phoenix retiree Saundra Cole has been watching the news about the debt limit negotiations in Washington with dismay — and limiting her air conditioning use to save money…
Stupid Debt-Ceiling Tricks
wsj.com Speaker of the House Kevin McCarthy, R-Calif., talks to reporters about the debt limit negotiations outside his office at the Capitol in Washington on Monday. President…
US debt default could send mortgage rates soaring above 8%
foxbusiness.com If the U.S. defaults on its debt, it could have potentially disastrous consequences for the already fragile U.S. housing market. That's according to a recent analysis from…
Klein: Liberals are getting behind a debt ceiling plan that won’t work
siliconvalley.com The debt ceiling might be the single dumbest feature of U.S. law. Congress decides to spend money and later schedules a separate vote on whether the government will pay its…
Why US Stocks Are Poised For A Flat Open Today
benzinga.com Trading in the U.S. index futures point to a modestly lower opening by Wall Start on Tuesday after the previous session’s mixed performance. The meeting between President…
Asia markets mixed as U.S. debt ceiling talks end with no deal
cnbc.com People are reflected in an electronic quotation board displaying the 225-issue Nikkei Stock Average (top) as they cross a street in Tokyo on May 17, 2023. (Photo by Kazuhiro…
WATCH LIVE: House Speaker Kevin McCarthy holds press conference amid debt ceiling negotiations
pbs.org House Speaker Kevin McCarthy is expected to hold a press conference on Monday amid continued debt ceiling negotiations. The event is scheduled to start at 7 p.m. ET. Watch…
Biden, McCarthy to discuss debt limit as deadline to avoid default looms
pbs.org President Joe Biden and House Speaker Kevin McCarthy are set to meet at the White House at a pivotal moment as Washington works to strike a budget compromise and raise the…
Biden and McCarthy set for Monday crunch talks after start-stop weekend as debt crisis looms
fortune.com President Joe Biden and House Speaker Kevin McCarthy are set to meet at the White House at a pivotal moment as Washington works to strike a budget compromise and raise the…
5 things to know before the stock market opens Monday
cnbc.com Stock futures were flat Monday as Wall Street watches debt ceiling negotiations in Washington. The three major U.S. indexes climbed last week, and the borrowing limit talks,…
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,…
Biden, McCarthy to hold pivotal meeting on debt ceiling as time to resolve standoff grows short
apnews.com President Joe Biden and House Speaker Kevin McCarthy are set to meet at the White House at a pivotal moment as Washington works to strike a budget compromise and raise the…
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…
Stock futures fall slightly as Wall Street focuses on tense debt ceiling negotiations
cnbc.com Traders on the floor of the NYSE, May 17, 2023. Stock futures retreated slightly on Sunday evening as traders monitored the negotiations over the U.S. debt ceiling. Futures…
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…
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…
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…
Biden: GOP must move off 'extreme' positions, no debt limit deal solely on its 'partisan terms'
go.com HIROSHIMA, Japan -- 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…
Larry Summers Says GOP Lawmakers Walking Out Of Debt Limit Talks Is 'Part Of Playbook:' Why 14th Amendment Not 'Right Tactic'
benzinga.com The debt ceiling stalemate continues as Republican lawmakers walked off the discussion table on Friday only to join back in the evening. President Joe Biden and Treasury…
Debt ceiling talks back on after GOP briefly halted negotiations
nbcnews.com WASHINGTON — Republicans returned to the debt ceiling negotiating table Friday night after temporarily pausing talks with the White House that they said were “not…
After OpenAI hearing, A.I. experts urge Congress to listen to more diverse voices on regulation
cnbc.com At most tech CEO hearings in recent years, lawmakers have taken a contentious tone, grilling executives over their data-privacy practices, competitive methods and more. But…
House Republicans 'press pause' on debt ceiling talks, criticize White House
pbs.org A top debt ceiling negotiator for House Speaker Kevin McCarthy said Friday it’s time to “press pause” on talks as negotiations with the White House came to an abrupt…
China-Taiwan tensions could grip 2024 election as top business leaders sound alarms
cnbc.com Fraying U.S.-China relations and rising tensions over Taiwan have influential business leaders such as Elon Musk and Warren Buffett sounding alarms about a possible invasion…
The GOP's top debt limit negotiator says it's time to 'press pause' on talks despite the looming deadline
fortune.com A top debt ceiling negotiator for House Speaker Kevin McCarthy said Friday it’s time to “press pause” on talks as negotiations with the White House came to an abrupt…
Top House negotiator on debt limit says it's time to 'press pause' as talks come to standstill
apnews.com A top debt ceiling negotiator for House Speaker Kevin McCarthy said Friday it's time to “press pause” on talks as negotiations with the White House came to an abrupt…
Scoop: Janet Yellen’s private debt ceiling warning to Wall Street
axios.com U.S. Secretary of the Treasury Janet Yellen speaks during the 2023 Independent Community Bankers of America (ICBA) Capital Summit on May 16, 2023 in Washington, DC. Photo:…
Relevant State's Governor Hits DeSantis on Disney Dropping New Florida Plan
thestreet.com One state's governor has a few words about the latest fallout from the controversy between Disney (DIS) - Get Free Report and Florida Governor Ron DeSantis. Those comments,…
Ray Dalio says debt-ceiling debate sets stage for 'disastrous financial collapse'
marketwatch.com “‘Increasing the debt limit the way Congress and presidents have repeatedly done, and most likely will do this time around, will mean there will be no meaningful limit on…
Why time still isn't on George Santos' side
msnbc.com A resolution to remove indicted (alleged) huckster slash first-term Congress member Rep. George Santos, R-N.Y., was teed up and brought to the floor Wednesday evening…
Tax Pledge Zombies Roam Capitol Hill
forbes.com You’ve probably heard about the Limit, Save, Grow Act of 2023 (LSG, H.R. 2811), which narrowly passed the House of Representatives last month. It features prominently in the…
McCarthy says House could vote on debt ceiling deal as soon as next week
cnbc.com 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…
How the debt ceiling debate could put health insurance in jeopardy for millions
nbcnews.com WASHINGTON — As Republicans and Democrats debate a plan to raise the nation’s debt ceiling, millions of Americans who rely on Medicaid for their health insurance have wound…
New House bill would block pay for members of Congress if the U.S. defaults
nbcnews.com WASHINGTON — A bipartisan bill set to be unveiled Thursday by Reps. Abigail Spanberger, D-Va., and Brian Fitzpatrick, R-Pa., would block members of Congress from getting…
Biden confident that 'America will not default' as he praises 'good faith' talks with McCarthy on debt ceiling deal
fortune.com An optimistic President Joe Biden declared Wednesday that he is confident the U.S. will avoid an unprecedented and potentially catastrophic debt default, saying talks with…
Biden says he's 'confident' about an agreement to avoid a US debt default because 'there's no alternative'
fortune.com President Joe Biden said Wednesday that he is confident the U.S. will avoid an unprecedented and catastrophic debt default, saying talks with congressional Republicans have…
WATCH: Biden 'confident' agreement will be made with GOP, no debt default for U.S
pbs.org President Joe Biden said Wednesday that he is confident the U.S. will avoid an unprecedented and catastrophic debt default, saying talks with congressional Republicans have…