Ron DeSantis, Governor of Florida, has filed the necessary paperwork to officially enter the 2024 presidential race. He is expected to announce his candidacy live on Twitter Wednesday night with the site's CEO Elon Musk, and will be fundraising with a cocktail reception to raise $8-$10 million in commitments. DeSantis has been building expectations among Republicans eager to move beyond former President Donald Trump.
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House Republicans passed a bill on the debt limit and spending cuts on Wednesday, but talks with the Biden administration are still ongoing and there are many areas of disagreement. The White House has proposed a plan to raise the debt limit and suspend it until the end of July, as well as a $1.7 trillion infrastructure package, both of which have been rejected by the GOP. The deadline for raising the debt limit is August 2nd, and if no agreement is reached, the US could default on its debt for the first time in history.
House Republicans and the White House are in negotiations to raise the debt ceiling, but remain far apart in their discussions. House Speaker Kevin McCarthy is optimistic that a deal can be reached before the June 1 deadline, when Treasury Secretary Janet Yellen has said the nation will run out of money to pay its bills. Negotiators Steve Ricchetti, Shalanda Young and Louisa Terrell met with McCarthy Tuesday morning to resume talks, but Republican Rep. Garret Graves said the two sides are still far apart.
On Monday evening, a U-Haul truck crashed into security barriers around Lafayette Square across the street from the White House. The driver, Sai Varshith Kandula, was arrested and found to be in possession of a Nazi flag and is facing several arrest charges, including threatening to kill, kidnap or inflict harm on a president, vice president or family members. No injuries were reported, and the Secret Service is working with other law enforcement agencies to investigate the incident and urge the public to remain vigilant.
Treasury Secretary Janet Yellen has issued a warning to Congress to raise the debt limit by June 1 or risk defaulting on the government's debt. House Speaker Kevin McCarthy and President Joe Biden are negotiating a path to avoid default, but it is unclear if an agreement will be reached in time. Yellen's warning serves as a reminder of the urgency of the situation, and Congress must take action to ensure the government is able to meet its obligations.
A U-Haul truck crashed into security barriers near the White House on Monday night, with no injuries reported. The Secret Service is investigating the incident, which may have been intentional, and the driver has been detained. Preliminary investigation reveals that the driver may have intentionally crashed the truck into the barriers.
Key takeaways: President Joe Biden and House Speaker Kevin McCarthy are meeting at the White House to discuss a path forward to avert a debt…
President Joe Biden has called on House Republicans to compromise and end their standoff over the debt ceiling, warning of catastrophic consequences if it is not raised. Treasury Secretary Janet Yellen has warned that June 1 is a "hard deadline" for Congress to raise the debt ceiling, and that the US could default on its debt if it is not raised. Biden has also placed renewed emphasis on the possibility of citing the 14th Amendment to sidestep the debt ceiling, as negotiations with Republicans continue.