McCarthy, Kevin (1965- ) – Page 3

Markets Rise as Debt Ceiling Deal Moves to the Senate

Global markets edged higher as the prospect of the United States defaulting on its debt grows more remote.

By Andrew Ross Sorkin Ravi Mattu Bernhard Warner Sarah Kessler

Biden, Joseph R Jr Federal Budget (US) Harris, Ben (1977- ) Inflation (Economics) McCarthy, Kevin (1965- ) National Debt (US) United States Economy United States Politics and Government

Why the Debt Limit Spending Cuts Likely Won’t Shake the Economy

With low unemployment and above-trend inflation, the economy is well positioned to absorb the modest budget cuts that President Biden and Republicans negotiated.

By Jim Tankersley

Biden, Joseph R Jr Federal Budget (US) House of Representatives Jeffries, Hakeem McCarthy, Kevin (1965- ) McConnell, Mitch National Debt (US) Schumer, Charles E Senate Treasury Department United States Economy United States Politics and Government

Time Is Running Out for Congress to Raise the Debt Ceiling

With a June 5 deadline looming, there is much to be done to prevent the default that leaders of both parties said would never happen.

By Carl Hulse

Biden, Joseph R Jr Brin, Sergey Chevron Corporation Commerce Department Congressional Progressive Caucus Democratic Party Exxon Mobil Corp Farley, James D Jr (1962- ) Ford Motor Co House of Representatives Illumina Inc Internal Revenue Service internal-storyline-no Jayapal, Pramila Lazard LLC McCarthy, Kevin (1965- ) Microsoft Corp OpenAI Labs Orszag, Peter R Pichai, Sundar Republican Party Smith, Bradford L Treasury Department

Investors See Hope for a Debt Limit Deal

Stock and bond trading suggest that investors see an imminent deal to raise the debt limit and prevent the federal government from defaulting.

By Andrew Ross Sorkin Bernhard Warner Sarah Kessler Michael J.

mosaec