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  • House Speaker Kevin McCarthy (R-CA) yesterday passed the first significant test of his speakership, squeaking through his debt limit bill by the barest of margins.
  • Had he failed to pass the bill, the prevailing view in Washington is that he would have handed a clean debt limit raise to Democrats and effectively ended his own speakership. The gamble to press for a vote paid off and now the White House will be forced to respond. Analysis on the next steps inside.
  • 11:00 ET 16:00 BST: President of the Republic of Korea, Yoon Suk-yeol, will address a joint session of Congress.
  • President Biden and Yoon yesterday unveiled an upgraded security pact to enhance nuclear deterrence - a signal that Washington intends to deepen military alliances in the Indo-Pacific.
  • 13:00 ET 18:00 BST: NSA Jake Sullivan will deliver a key address today outlining "the administration’s international economics agenda."
  • Former Arkansas Governor Asa Hutchinson yesterday formally launched a bid for the 2024 Republican presidential nomination.
  • Poll of the Day: Democrats are more than twice as likely as Republicans to say the debt ceiling should be raised.
Full Article: US Daily Brief

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