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US debt ceiling bill heads for Senate as both House sides claim victory over bipartisan vote – live | US debt ceiling

Senators under time pressure to pass debt ceiling bill

Senators are facing time pressure Thursday as they pick up the debt ceiling bill that passed the House last night.

Chuck Schumer, the Democratic senate majority leader, was at his desk preparing its pathway soon after Wednesday’s 314-117 bipartisan House vote, and is warning any potential troublemakers to stand aside in order to get the measure approved swiftly and on to Joe Biden’s desk for signature to avoid a national default.

He told chamber colleagues on Wednesday:

Any needless delay, any last-minute brinkmanship at this point would be an unacceptable risk.

Moving quickly, working together to avoid default is the responsible and necessary thing to do.

In the House, McCarthy staved off a potential revolt by Republican colleagues to get the bill passed. In the senate, however, it’s Democrats who could yet throw a spanner in the works.

Progressives including Vermont’s Bernie Sanders, have indicated they plan to oppose the debt ceiling proposal, but the bill still appears likely to become law, my colleague Joan E Greve reports.

Joe Manchin, the West Virginia Democrat and frequent thorn in Biden’s side during the early months of his administration, was another potential holdout. But he appears to have been appeased by a provision in the deal speeding up a controversial gas pipeline.

With senate Republican minority leader Mitch McConnell indicating he plans to support the proposal, and encourage colleagues to do so, it probably won’t matter if a small number of Democrats do decide to withhold their backing.

Treasury secretary Janet Yellen says the US will run out of money next week, meaning Biden must sign the bill raising the debt ceiling by Monday to keep paying the bills. Schumer says he wants it out of the chamber by tomorrow night.

Here’s a quick explainer of what to expect next, courtesy of ABC News.

Read more on the “dirty” pipeline deal:

Key events

Musk facing lawsuit over ‘insider trading’

Twitter boss Elon Musk is facing a class action lawsuit for insider trading, investors accusing the billionaire of manipulating the cryptocurrency Dogecoin, costing them billions of dollars.

According to Reuters, the Manhattan federal court lawsuit filed on Wednesday night says Musk, also chief of SpaceX and Tesla, used Twitter posts, paid online influencers, his 2021 appearance on NBC’s Saturday Night Live and other “publicity stunts” to trade profitably at their expense through several Dogecoin wallets that he or Tesla controls.

Elon Musk. Photograph: Tingshu Wang/Reuters

Investors say this included when Musk sold about $124m of Dogecoin in April after he replaced Twitter’s blue bird logo with Dogecoin’s Shiba Inu dog logo, leading to a 30% jump in Dogecoin’s price. Musk bought Twitter in October.

A “deliberate course of carnival barking, market manipulation and insider trading” enabled Musk to defraud investors, promote himself and his companies, the filing said.

Reuters said that Alex Spiro, a lawyer for Musk, declined to comment on the action. A lawyer for Tesla did not immediately respond to a request for comment. The investors’ lawyer did not immediately respond to a separate request.

Musk was the host of Republican Florida governor Ron DeSantis’s glitchy campaign launch for his party’s 2024 presidential nomination on Twitter Spaces last week.

It’s not been a good week for Musk, the world’s second richest man. On Wednesday, it was reported the value of Twitter had plummeted two thirds since he bought the social media platform.

Read more:

Supreme court justices on Thursday took aim at pharmacies who overcharge the government for prescription drugs, their unanimous ruling reopening a pathway for legal action by individuals seeking to protect taxpayers’ money.

The case involves “whistleblowers” ostensibly acting for the government, whom a lower court said could not sue pharmacies claiming their own “objectively reasonable” reading of the law allowed them to overbill federal health programs including Medicare and Medicaid.

Clarence Thomas.
Clarence Thomas. Photograph: Reuters

The 9-0 decision, written by conservative justice Clarence Thomas in a case brought by two such individuals against pharmacies controlled by Safeway Inc and SuperValu Inc, overturns the 7th circuit ruling and allows them to seek monetary damages from the providers offering drugs at discounts to customers paying out of pocket, while improperly charging higher rates to the government.

Joe Biden’s administration had backed the whistleblowers in their appeal.

Joe Biden has marked the beginning of Pride Month with a tweet denouncing “cruel attacks” on LGBTQ+ rights by Republican legislatures and politicians around the country.

“We celebrate the LGBTQI+ Americans who are fiercely and unapologetically fighting for freedom and equality – and reaffirm that their rights are human rights,” the president wrote.

Happy Pride, America.

This month, in the face of cruel attacks on LGBTQI+ rights across the country, we celebrate the LGBTQI+ Americans who are fiercely and unapologetically fighting for freedom and equality – and reaffirm that their rights are human rights. pic.twitter.com/JLeEdl0eYB

— President Biden (@POTUS) June 1, 2023

Biden will be speaking shortly in Colorado when he delivers the commencement address to graduates of the US air force academy in El Paso county. His speech is scheduled to begin at 11.40am ET, and you can watch it here.

“Months of distrust” inside Donald Trump’s legal team led to the departure of one of the former president’s top lawyers, and weakens his defense against claims he illegally retained classified documents after leaving office, my colleague Hugo Lowell reports.

It comes just a day after details emerged of a recording of Trump “regretting” he didn’t declassify a secret military paper, contradicting his often voiced assertion that he declassified every paper he took with him from the White House.

Donald Trump leaves his Manhattan apartment on Wednesday.
Donald Trump leaves his Manhattan apartment on Wednesday. Photograph: Anadolu Agency/Getty Images

The justice department is currently investigating Trump on two fronts, his efforts to overturn his 2020 election defeat to Joe Biden, and his hoarding of hundreds of classified documents found by the FBI at his Mar-a-Lago resort in Florida last year.

The frontrunner for the Republican 2024 presidential nomination is in Iowa today for a two-day trip, featuring a campaign rally at which he is all but certain to rail against what he calls a “witch hunt” against him by federal authorities.

He has already been indicted in New York over illicit payments to adult movie star Stormy Daniels

Read more:

In a decision seen as a setback to labor unions, the supreme court on Thursday made it easier for employers to pursue lawsuits against striking workers.

The opinion, written by justice Amy Coney Barrett and backed by conservative colleagues on the 6-3 bench, sided with a concrete business in Washington state that sued the union representing its truck drivers after a work stoppage.

Ketanji Brown Jackson, the panel’s most recent confirmation, by Joe Biden, was the lone dissenter.

Ketanji Brown Jackson.
Ketanji Brown Jackson. Photograph: Patrick Semansky/AP

As reported by Reuters, the decision in the case of Glacier Northwest Inc against a local affiliate of the International Brotherhood of Teamsters overturned a lower court’s ruling in the union’s favor.

Glacier had accused the union of intentional property destruction during a 2017 strike when a group of drivers went on strike while their mixing trucks were filled with concrete. The company had to force to discard the unused product at a financial loss.

The supreme court overruled the Washington state supreme court that the loss was incidental to a strike that could be considered arguably protected under federal labor law.

The first #SCOTUS decision is in Glacier Northwest v. Teamsters. The state tort claim is not preempted by the NLRA. Barrett has the court’s opinion. Alito, Thomas, and Gorsuch only concur in judgment. Jackson dissents alone in the labor case. https://t.co/yG5OrzdjPg

— Chris Geidner (@chrisgeidner) June 1, 2023

Biden’s administration urged the justices to reverse the lower court’s decision, Reuters reports. The decision allows Glacier’s lawsuit to proceed.

It also extends the panel’s recent trend of curtailing the power of labor unions. In 2021, justices struck down a California agricultural regulation aimed at helping unions organize workers, the agency said.

And in 2018 it ruled that non-members cannot be forced, as they are in certain states, to pay fees to unions representing public employees such as police and teachers that negotiate collective bargaining agreements with employers.

Here’s the full ruling on the Glacier v Teamsters case.

As we noted earlier, none of the bigger decisions we are expecting from the supreme court this decisions season came today. Those, covering affirmative action, LGBTQ+ equality and the future of Native American tribes, are now expected later this month.

Supreme court ‘defangs’ unions over rights to strike

The US supreme court has handed down a small number of opinions this morning, one of which appears to weaken unions’ rights to decide how and where to strike.

The ruling in the case of Glacier NW v International Brotherhood is “a massive change in labor law,” according to the high court analyst scotusblog.com.

Amy Coney Barrett.
Amy Coney Barrett. Photograph: Getty Images

“Unions just got defanged in a big way,” it said of the decision written by justice Amy Coney Barrett.

We’ll have more in depth analysis of the decision coming up shortly, but overall it seems to have been a quiet day for the court, with none of the bigger decisions we are expecting coming today.

Those, covering affirmative action, LGBTQ+ equality and the future of Native American tribes, are now expected later this month.

The race for the 2024 Republican presidential nomination is about to get even more crowded. Mike Pence, the former vice-president, and ex-New Jersey governor Chris Christie are both planning to launch their campaigns next week.

Pence is, of course, the man supporters of Donald Trump infamously wanted to hang during the January 6 riots when they overran the US Capitol attempting to keep the former president in office. Trump has said “maybe they were right” to do so.

Mike Pence.
Mike Pence. Photograph: Charlie Neibergall/AP

Pence will announce his candidacy in Des Moines, Iowa, on 7 June, also his 64th birthday, two sources told the Associated Press.

He is also expected to release a video message that morning as part of the launch that, interestingly, is taking place in an early voting state rather than his home state of Indiana.

Christie, a former Trump advisor turned vocal critic, is set to launch his run the day before, as we reported yesterday. It will be the 60-year-old’s second attempt to win the nomination.

Trump, who is campaigning in Iowa today, dominates Republican primary polling, leading his closest challenger, the Florida governor, Ron DeSantis, by more than 30 points in most polling averages.

DeSantis, who has also been in Iowa in recent days, announced his candidacy in a glitch-filled livestream event on Twitter last week.

Joe Biden’s status as “an apostle of bipartisanship” has been well and truly enhanced by the passage of the debt ceiling bill in the House, argues the Guardian’s Washington bureau chief David Smith in his analysis of this week’s developments.

The president, Smith says, can “claim vindication for the underlying theory of his presidency: that in the age of polarisation it takes an apostle of bipartisanship and a 36-year veteran of the Senate to reach across the aisle and make deals with his opponents”.

The bill that passed the House, he says, “could hardly have been more Bidenesque in hitting the sweet spot between left and right… Biden continues to exceed low expectations by finding common ground in the disappearing middle”.

Read the story:

Late-night votes, Republican holdouts, warnings from the US treasury about an impending national default, and games of brinkmanship between the White House and politicians from both parties in Washington DC haven’t exactly made developments in the debt ceiling story easy to follow.

What’s in the bill? What’s out? And who’s said what about whether they’re voting for or against it, and why?

Thankfully, we’ve got you. Here’s out handy explainer, with key takeaways, from the debt ceiling bill as it heads to the senate for approval:

Senators under time pressure to pass debt ceiling bill

Senators are facing time pressure Thursday as they pick up the debt ceiling bill that passed the House last night.

Chuck Schumer, the Democratic senate majority leader, was at his desk preparing its pathway soon after Wednesday’s 314-117 bipartisan House vote, and is warning any potential troublemakers to stand aside in order to get the measure approved swiftly and on to Joe Biden’s desk for signature to avoid a national default.

He told chamber colleagues on Wednesday:

Any needless delay, any last-minute brinkmanship at this point would be an unacceptable risk.

Moving quickly, working together to avoid default is the responsible and necessary thing to do.

In the House, McCarthy staved off a potential revolt by Republican colleagues to get the bill passed. In the senate, however, it’s Democrats who could yet throw a spanner in the works.

Progressives including Vermont’s Bernie Sanders, have indicated they plan to oppose the debt ceiling proposal, but the bill still appears likely to become law, my colleague Joan E Greve reports.

Joe Manchin, the West Virginia Democrat and frequent thorn in Biden’s side during the early months of his administration, was another potential holdout. But he appears to have been appeased by a provision in the deal speeding up a controversial gas pipeline.

With senate Republican minority leader Mitch McConnell indicating he plans to support the proposal, and encourage colleagues to do so, it probably won’t matter if a small number of Democrats do decide to withhold their backing.

Treasury secretary Janet Yellen says the US will run out of money next week, meaning Biden must sign the bill raising the debt ceiling by Monday to keep paying the bills. Schumer says he wants it out of the chamber by tomorrow night.

Here’s a quick explainer of what to expect next, courtesy of ABC News.

Read more on the “dirty” pipeline deal:

Good morning US politics blog readers. Thursday’s going to be a busy day: The debt ceiling bill that passed the House on a bipartisan vote last night heads for the Senate, where it faces time pressure to get it approved and on to Joe Biden’s desk for signature to avoid a national default.

Republicans and the White House are both claiming Wednesday night’s 314-117 vote as a victory, to a degree. “This budget agreement is a bipartisan compromise. Neither side got everything it wanted,” the president said.

Kevin McCarthy, the Republican speaker, was exuberant after staving off a revolt by rightwing colleagues. “I wanted to do something no other Congress has done. Tonight, we all made history,” he said.

You can read my colleague Joan E Greve’s report, including what happens next, here.

Here’s what else we’re watching today:

  • It’s potentially a huge day in the supreme court, where opinions on one or more cases of huge consequence to the nation could come as early as 10am. Justices have heard arguments covering affirmative action, LGBTQ+ equality and the future of Native American tribes. We’ll bring you the latest as the decision(s) come down.

  • We have details on the months of distrust inside Donald Trump’s legal team that threatens the former president’s defense against allegations he illegally stored classified material at his Florida home.

  • Challengers to Trump for the Republican party’s 2024 presidential nomination are coming thick and fast with reports that former vice president Mike Pence and the former New Jersey governor (and fierce Trump critic) Chris Christie are poised to enter the race next week.

  • Joe Biden is in Colorado, where he is scheduled to deliver the commencement address at the US air force academy later this morning.



Summarize this content to 100 words Senators under time pressure to pass debt ceiling billSenators are facing time pressure Thursday as they pick up the debt ceiling bill that passed the House last night.Chuck Schumer, the Democratic senate majority leader, was at his desk preparing its pathway soon after Wednesday’s 314-117 bipartisan House vote, and is warning any potential troublemakers to stand aside in order to get the measure approved swiftly and on to Joe Biden’s desk for signature to avoid a national default.He told chamber colleagues on Wednesday: Any needless delay, any last-minute brinkmanship at this point would be an unacceptable risk. Moving quickly, working together to avoid default is the responsible and necessary thing to do. In the House, McCarthy staved off a potential revolt by Republican colleagues to get the bill passed. In the senate, however, it’s Democrats who could yet throw a spanner in the works.Progressives including Vermont’s Bernie Sanders, have indicated they plan to oppose the debt ceiling proposal, but the bill still appears likely to become law, my colleague Joan E Greve reports.Joe Manchin, the West Virginia Democrat and frequent thorn in Biden’s side during the early months of his administration, was another potential holdout. But he appears to have been appeased by a provision in the deal speeding up a controversial gas pipeline.With senate Republican minority leader Mitch McConnell indicating he plans to support the proposal, and encourage colleagues to do so, it probably won’t matter if a small number of Democrats do decide to withhold their backing.Treasury secretary Janet Yellen says the US will run out of money next week, meaning Biden must sign the bill raising the debt ceiling by Monday to keep paying the bills. Schumer says he wants it out of the chamber by tomorrow night.Here’s a quick explainer of what to expect next, courtesy of ABC News.Read more on the “dirty” pipeline deal:Updated at 09.16 EDTKey eventsShow key events onlyPlease turn on JavaScript to use this featureMusk facing lawsuit over ‘insider trading’Twitter boss Elon Musk is facing a class action lawsuit for insider trading, investors accusing the billionaire of manipulating the cryptocurrency Dogecoin, costing them billions of dollars.According to Reuters, the Manhattan federal court lawsuit filed on Wednesday night says Musk, also chief of SpaceX and Tesla, used Twitter posts, paid online influencers, his 2021 appearance on NBC’s Saturday Night Live and other “publicity stunts” to trade profitably at their expense through several Dogecoin wallets that he or Tesla controls.Elon Musk. Photograph: Tingshu Wang/ReutersInvestors say this included when Musk sold about $124m of Dogecoin in April after he replaced Twitter’s blue bird logo with Dogecoin’s Shiba Inu dog logo, leading to a 30% jump in Dogecoin’s price. Musk bought Twitter in October.A “deliberate course of carnival barking, market manipulation and insider trading” enabled Musk to defraud investors, promote himself and his companies, the filing said.Reuters said that Alex Spiro, a lawyer for Musk, declined to comment on the action. A lawyer for Tesla did not immediately respond to a request for comment. The investors’ lawyer did not immediately respond to a separate request.Musk was the host of Republican Florida governor Ron DeSantis’s glitchy campaign launch for his party’s 2024 presidential nomination on Twitter Spaces last week.It’s not been a good week for Musk, the world’s second richest man. On Wednesday, it was reported the value of Twitter had plummeted two thirds since he bought the social media platform.Read more:Supreme court justices on Thursday took aim at pharmacies who overcharge the government for prescription drugs, their unanimous ruling reopening a pathway for legal action by individuals seeking to protect taxpayers’ money.The case involves “whistleblowers” ostensibly acting for the government, whom a lower court said could not sue pharmacies claiming their own “objectively reasonable” reading of the law allowed them to overbill federal health programs including Medicare and Medicaid.Clarence Thomas. Photograph: ReutersThe 9-0 decision, written by conservative justice Clarence Thomas in a case brought by two such individuals against pharmacies controlled by Safeway Inc and SuperValu Inc, overturns the 7th circuit ruling and allows them to seek monetary damages from the providers offering drugs at discounts to customers paying out of pocket, while improperly charging higher rates to the government.Joe Biden’s administration had backed the whistleblowers in their appeal.Updated at 11.49 EDTJoe Biden has marked the beginning of Pride Month with a tweet denouncing “cruel attacks” on LGBTQ+ rights by Republican legislatures and politicians around the country.“We celebrate the LGBTQI+ Americans who are fiercely and unapologetically fighting for freedom and equality – and reaffirm that their rights are human rights,” the president wrote.Happy Pride, America.This month, in the face of cruel attacks on LGBTQI+ rights across the country, we celebrate the LGBTQI+ Americans who are fiercely and unapologetically fighting for freedom and equality – and reaffirm that their rights are human rights. pic.twitter.com/JLeEdl0eYB— President Biden (@POTUS) June 1, 2023 Biden will be speaking shortly in Colorado when he delivers the commencement address to graduates of the US air force academy in El Paso county. His speech is scheduled to begin at 11.40am ET, and you can watch it here.“Months of distrust” inside Donald Trump’s legal team led to the departure of one of the former president’s top lawyers, and weakens his defense against claims he illegally retained classified documents after leaving office, my colleague Hugo Lowell reports.It comes just a day after details emerged of a recording of Trump “regretting” he didn’t declassify a secret military paper, contradicting his often voiced assertion that he declassified every paper he took with him from the White House.Donald Trump leaves his Manhattan apartment on Wednesday. Photograph: Anadolu Agency/Getty ImagesThe justice department is currently investigating Trump on two fronts, his efforts to overturn his 2020 election defeat to Joe Biden, and his hoarding of hundreds of classified documents found by the FBI at his Mar-a-Lago resort in Florida last year.The frontrunner for the Republican 2024 presidential nomination is in Iowa today for a two-day trip, featuring a campaign rally at which he is all but certain to rail against what he calls a “witch hunt” against him by federal authorities.He has already been indicted in New York over illicit payments to adult movie star Stormy DanielsRead more:In a decision seen as a setback to labor unions, the supreme court on Thursday made it easier for employers to pursue lawsuits against striking workers.The opinion, written by justice Amy Coney Barrett and backed by conservative colleagues on the 6-3 bench, sided with a concrete business in Washington state that sued the union representing its truck drivers after a work stoppage.Ketanji Brown Jackson, the panel’s most recent confirmation, by Joe Biden, was the lone dissenter.Ketanji Brown Jackson. Photograph: Patrick Semansky/APAs reported by Reuters, the decision in the case of Glacier Northwest Inc against a local affiliate of the International Brotherhood of Teamsters overturned a lower court’s ruling in the union’s favor.Glacier had accused the union of intentional property destruction during a 2017 strike when a group of drivers went on strike while their mixing trucks were filled with concrete. The company had to force to discard the unused product at a financial loss.The supreme court overruled the Washington state supreme court that the loss was incidental to a strike that could be considered arguably protected under federal labor law.The first #SCOTUS decision is in Glacier Northwest v. Teamsters. The state tort claim is not preempted by the NLRA. Barrett has the court’s opinion. Alito, Thomas, and Gorsuch only concur in judgment. Jackson dissents alone in the labor case. https://t.co/yG5OrzdjPg— Chris Geidner (@chrisgeidner) June 1, 2023 Biden’s administration urged the justices to reverse the lower court’s decision, Reuters reports. The decision allows Glacier’s lawsuit to proceed.It also extends the panel’s recent trend of curtailing the power of labor unions. In 2021, justices struck down a California agricultural regulation aimed at helping unions organize workers, the agency said.And in 2018 it ruled that non-members cannot be forced, as they are in certain states, to pay fees to unions representing public employees such as police and teachers that negotiate collective bargaining agreements with employers.Here’s the full ruling on the Glacier v Teamsters case.As we noted earlier, none of the bigger decisions we are expecting from the supreme court this decisions season came today. Those, covering affirmative action, LGBTQ+ equality and the future of Native American tribes, are now expected later this month.Supreme court ‘defangs’ unions over rights to strikeThe US supreme court…
https://www.theguardian.com/us-news/live/2023/jun/01/debt-ceiling-senate-vote-supreme-court-biden-mccarthy-live US debt ceiling bill heads for Senate as both House sides claim victory over bipartisan vote – live | US debt ceiling

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