The debt ceiling standoff is “not my fault,” Speaker Kevin McCarthy (R-CA) told reporters Wednesday, as he sent negotiators back to the White House. He said more time was needed to reach a deal (The Boston Globe).
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There’s plenty of issues on which to weight in, including the shaky start to Florida Gov. Ron DeSantis’ presidential run, and Republicans’ refusal to expel Rep. George Santos (R-NY) from the House of Representatives.
Also up for discussion:
•Nice guy Sen. Tim Scott (R-SC) beat Republican Florida Gov. Ron DeSantis by a few days in declaring his presidential campaign earlier this week.
•The Consumer Price Index was up 4.9% in April, still too high for the Federal Reserve, but reflecting a slow and continuing improvement over last year. Meanwhile, the Labor Department reported a week earlier that the U.S. economy added 253,000 jobs in April, higher than most economists had predicted. This comes after the Fed indicated its latest quarter-point interest rate hike might be its last for a while. All these high numbers could be fond memories of our 2023 economy if Congress fails to pass a debt ceiling increase in coming weeks.
•A Manhattan court awarded E. Jean Carroll $5 million in her sexual abuse and defamation case against Donald J. Trump, who of course, will appeal.
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