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The bipartisan agreement to raise the debt limit cleared a key hurdle on Tuesday evening despite vehement criticism from many House Republicans. The House Rules Committee voted 7-6 to advance the legislation that codifies the bipartisan agreement struck between House Speaker Kevin McCarthy’s team and negotiators from President Joe Biden’s administration. The rule will now go to the full House floor before the agreement comes to a full House vote. The rule passed after an hours-long deliberation in the committee that included multiple amendment proposals. The vote comes as Treasury Secretary Janet Yellen has warned that the United States will be unable to satisfy its debt obligations come 5 June. The House of Representatives is set to vote But many House Republicans raised objections, including members of the House Freedom Caucus who had previously opposed Mr McCarthy’s bid for speaker in January. Rep Andy Biggs (R - AZ) told The Independent that Mr McCarthy’s deal with the White House was a repeat of his past behaviour. “When he was been in leadership for 13 years, it was not uncommon for him to be the point man to go negotiate a spending cap deal with the Democrats,” he said. Many Republicans criticised the fact that the legislation keeps in place Mr Biden’s student loan forgiveness, only claws back a small sliver of money meant to increase funding for the Internal Revenue Service and raises the debt limit until January 2025, after the 2024 presidential election. Rep Bob Good (R - VA) told The Independent that the bill symbolised a surrender from House Republican leadership. “We have literally come together and our leadership and their leadership and agreed on a Democrat bill,” Mr Good told The Independent. But many allies of Mr McCarthy also opposed the legislation. Rep Nancy Mace (R - SC), who voted for Mr McCarthy for speaker in January, announced her opposition to the bill. “Washington is, was and always will be lousy at responsibly spending your tax dollars,” she tweeted. “That won’t change unless we demand change.” Rep Chip Roy (R - TX) refuted the idea that conservatives would want the United States to default on its debt obligations. “The only person who would default in this town is Joe Biden unless Republicans default on the American dream by voting for this bad bill,” he said at a press conference. “That is why this group will oppose it, we will continue to fight it, today, tomorrow, and no matter what happens, there’s going to be a reckoning about what just occurred.” Mr Roy had tweeted on Monday that during the negotiations for the speakership, Republican leaders pledged that nothing would pass the Rules Committee without at least seven Republican votes and the committee would not allow for reporting out rules without unanimous Republican votes. During the negotiations, Mr Roy tried to stress his opposition and said why Republicans should oppose the bill. “We're not going to reduce spending through this deal. Unless we actually stand up and reduce spending it'll be on us to choose to,” he said during the hearing. “But this deal isn't going to reduce spending even though everybody's going around saying it will.” But some Republicans stressed that the agreement was the only one that could pass the House and Senate and end up on the president’s desk. “We only control one-half of one-third of government,” Rep Erin Houchin (R - IN) said. “There’s no better deal to be had.” Mr McCarthy expressed confidence in a press conference that he would have enough votes to raise the debt limit. “I’m not sure what in the bill people are concerned about,” he told reporters, saying it is the largest savings in congressional history. “We’re pulling money back for the hard-working taxpayers that are going to China. Are they opposed to work requirements for welfare?” The Congressional Budget Office estimated that if the bill passed, the budget deficit would be reduced by about $1.5 trillion through a period from 2024 to 2033. In addition, the provision in the legislation that would exempt for veterans, people experiencing homelessness and adults between the ages of 18 and 24 who were in foster care when they turned 18 from work requirements to obtain the Supplemental Nutrition Assistance Program, known as SNAP, would mean 78,000 people would gain benefits. The increase comes despite the fact that the legislation would raise the age for work requirements for SNAP from 50 to 54. On the Senate side, both Republican and Democratic leaders praised the agreement. “Congress will vote on legislation that locks in that important progress,” Senate Minority Leader Mitch McConnell (R - KY) said in remarks on the Senate floor. “Republicans have a tremendous opportunity to take on an existential challenge facing our economy and future generations of Americans. We have a chance to start bringing Washington Democrats’ reckless spending to heel.” Senate Majority Leader Chuck Schumer ((D - NY) said the bill was a reasonable compromise. “Of course, nobody is getting everything they want – there is give on both sides – but this agreement is the responsible, prudent and very necessary way forward,” he said on the Senate floor. Mr Schumer said he would bring the bill up as quickly as possible for consideration before the default deadline on 5 June. Read More Biden ‘optimistic’ about McCarthy negotiations as AOC slams ‘dysfunctional’ debt ceiling system Debt ceiling deal reached between Biden and McCarthy Conservatives bark after the debt limit deal. Will they actually bite McCarthy? GOP chairman moves to hold FBI director Wray in contempt over Biden doc Utah Republican Chris Stewart planning to resign from Congress, AP source says Debt limit deal is in place, but budget deficit is still a multi-decade challenge for US government

Indonesia will consider new limits on exports of liquefied natural gas, a potential extension of trade curbs that’ve

Ron DeSantis is officially running for president, and on Tuesday landed in the early caucus state of Iowa to give voters a preview of what his campaign will look like. What that shaped up to be in Des Moines was largely what analysts had expected for months: a bid for higher office that leans into Republican culture war battles and as far away from direct confrontation with the incumbent de facto leader of the party, Donald Trump. Mr DeSantis spoke to an enthusiastic crowd that cheered enthusiastically at his vows to score major wins on those issues like LGBT+ rights and “critical race theory”, but less for his veiled shots at the former president, who was never mentioned by name for obvious fear of losing the audience. The governor instead heaped his criticism on Joe Biden and the administrative state which he hinted that Mr Trump had failed to rein in. He was joined by his wife, Casey, and a handful of state-level elected officials — a preview of the battle that is no doubt shaping up in the state where the governor will have his first (and potentially only) real chance to prove that he can credibly compete with the former president, who has turned his fire wholly on his top rival in recent weeks amid continued polling showing the governor falling further behind him. Here are five things you should remember about Tuesday night’s rally going forward into the 2024 primary season: 1. DeSantis was backed by powerful state officials In a clear coup for the DeSantis campaign, the Florida governor charged into his rally on Tuesday backed by both Iowa’s governor and lieutenant governor, Kim Reynolds and and Adam Gregg respectively. To be clear: in a pre-Trump political world, this would be a massive advantage for any candidate to have. Winning the endorsements of the two highest-level officials in state government, let alone at one’s launch rally, is a sign of political dominance that would make any candidate other than Donald Trump think twice about even competing in the state. But Mr Trump is no ordinary opponent, and his continued star power in the GOP far outstrips that of any GOP statewide official — even at home. The former president’s endorsement hasn’t proven to be ironclad, seeing key defeats to opponents of Mr Trump on various sides of the political spectrum in 2022, but it’s fair to say that Mr Trump remains a credible competitor, even perhaps the frontrunner, to win in Iowa regardless of Ms Reynolds and Mr Gregg’s endorsements. 2. The governor won’t touch Trump Mr DeSantis was more than eager to turn his sights on Joe Biden and the actions of his administration during the speech. Not so much for Mr Trump, who was not mentioned by name at all in the governor’s remarks. The desire of Mr DeSantis to avoid a confrontation with the former president might be more convincing, however, had he not indirectly referenced Mr Trump multiple times during his remarks — including at one moment when he asserted that four years in office was simply insufficient to rein in America’s bureaucracy. Even George Washington, the governor charged, would be unable to do so in that amount of time. Mr DeSantis’s tone notably changed when speaking to reporters after the event ended — “He used to say how great Florida was... Hell, his whole family moved to Florida under my governorship,” he noted of the former president. But that fire has yet to emerge in front of those who actually decide elections: voters. The governor therefore appears to be largely stuck in limbo; unwilling or unable to land a blow against Mr Trump when it counts, but more than cognisant of his need to do so. 3. Culture wars rise to the top The greatest targets for criticism on Tuesday were not Mr Biden or his team in the White House at all. Mr DeSantis reserved his harshest tone for so-called “woke” ideologies such as support for LGBT+ rights among public officials and private businesses. He vowed to purge any teachings he deemed remotely “inappropriate” for children from schools, and pledged to do the same to the military and other federal agencies if elected president. This is Mr DeSantis’s true strategy: master the issues that make GOP voters the angriest, and bet that it will propel him not just through a primary race against Donald Trump but to the White House against Joe Biden as well. The governor argued that keeping the attention on these issues and presenting a “positive” alternative to Mr Biden’s vision for America would be their ticket to a victory. 4. Pressure against Republicans on the debt ceiling After Donald Trump came out and said that Republicans in Congress should “do a default” unless they score significant concessions from Democrats in legislation to raise the debt ceiling this week, Mr DeSantis upped the ante further and declared on Tuesday that Republicans should oppose the idea entirely. He railed at the idea of raising America’s debt ceiling by $4 trillion and warned that the GOP’s existing cuts to spending secured in a Saturday-night deal between Joe Biden and Speaker Kevin McCarthy were not enough — America would still be spiralling towards bankruptcy, he asserted. Expect that to raise the stakes for hardline conservatives in Washington this week as Mr McCarthy hopes to whip as many votes as possible in his caucus to support the bill aimed at averting a default on the US’s loans. 5. Leaning on parents in the battle for suburbia One last interesting theme that Mr DeSantis’s rally touched on multiple times was the idea of families and parents having sovereignty over their kids, their local schools, and other entities. It was hardly a surprising point for the Florida governor to tout, given his signing into law several bills affecting the teachings allowed in schools in the Sunshine State which have been decried by the NAACP and other organisations. But it also played into another larger dynamic that has been playing out across the country for several years. The governor’s repeated statements of support for parents and his efforts to draw support from conservative-aligned education activists are part of the greater GOP’s response to a trend that quickened sharply under Donald Trump’s presidency: the blue-ing of America’s suburbs, which have trended steadily Democratic in recent years while the party simultaneously lost its grip on blue collar voters in the Rust Belt and other areas. His strategy mirrors the one pursued by Virginia’s Glenn Youngkin in 2021, which led to Mr Youngkin beating out former Gov Terry McCaulife and becoming the first Republican to win a statewide election in that purple state since 2009. Read More DeSantis hits familiar targets of Fauci, Disney and ‘wokeism’ in first rally as 2024 candidate Ron DeSantis called out for ‘ignoring’ Hollywood beach shooting: ‘He doesn’t care’ LGBTQ people are fleeing Florida in ‘mass migration’ with some fundraising via GoFundMe Ivanka and Jared split over attending Trump 2024 launch – follow live Why was Donald Trump impeached twice during his first term? Four big lies Trump told during his 2024 presidential announcement

Chinese scientists have begun drilling a 10,000-meter (32,808 feet) hole into the Earth’s crust, as the world’s second

North Korea confirmed that its effort to launch a military spy satellite into orbit failed, and said it

Economists see India’s central bank holding interest rates this year before cutting 25 basis points in the first

Moody’s Investors Service lowered Bangladesh’s credit rating as the nation’s foreign-exchange reserves dwindle while unconventional policies such as

Global investors will avoid China assets for another three years as the nation keeps its interest rates low

Ron DeSantis is kicking off his 2024 Republican presidential campaign this week with a trip to early voting

Governor Ron DeSantis was in Iowa on Tuesday for his first rally of the 2024 Republican primary cycle — but his remarks were clearly aimed at a general election audience. The conservative governor punched at a whole host of familiar GOP foes during the evening event in west Des Moines, where voters will have the first crack at the Republican field of 2024 candidates. But Mr DeSantis himself did not swipe at any of those rivals. Instead, he focused his fire on the news media, the federal government and its related bureaucracy, and even the Disney corporation which has become embroiled in a feud with him in his home state. His list of targets was a choice selection of Republican red meat. Dr Anthony Fauci, Hunter Biden, critical race theory, “gender ideology” and diversity, equity and inclusion (DEI) initiatives were all up for skewering. So too was George Soros, the Jewish billionaire whose involvement in Democratic-leaning politics has spawned a host of antisemitic conspiracy theories on the right; Mr DeSantis attacked “Soros-backed prosecutors” who he blamed for supposedly refusing to enforce laws of which they disapprove. It was a campaign speech that had all the signs of both the strengths that propelled Mr DeSantis to victory twice in Florida as well as the weaknesses which may very well doom his 2024 bid for the presidency unless a major change in the status quo takes place. The main weakness it highlighted: Mr DeSantis’s unwillingness to engage in a direct fight with Donald Trump, his presumed rival for the GOP nomination. Mr Trump remains the steady favourite in all available polling of the upcoming contest, and it is difficult to see how the Florida governor reverses his recent polling slide without confronting the former president by name. That was one thing Mr DeSantis avoided completely on Tuesday, a fact that drew into question his claim to be willing to stand up to any rival or political foe who came forth. Worse, the governor took a few veiled shots at the leading candidate — references to a single term in the White House being insufficient to clear out the “swamp” in Washington, blame for “empower[ing]” Republican foes like Dr Fauci — but those attacks failed to draw serious blood and left watchers of the address wondering why Mr DeSantis is so hesitant to call out the man who has been personally and politcally degrading him in statements for weeks. “If you are faced with a destructive bureaucrat in your midst like a Fauci, you do not empower somebody like Fauci, you bring him into the office and you tell him to pack his bags, you are fired,” said the governor in one half-hearted attempt at landing a blow on his rival. In another: “At the end of the day leadership is not about entertainment. It's not about building a brand. It's not about virtue signaling. It is about results. And in Florida, we didn't lead with merely words. We followed up our words with deeds, and we have produced a record of accomplishment that we would put up against anybody in this country.“ Those references were about as direct as Mr DeSantis came during his address, which was broken up by remarks from the potential future first lady, Casey DeSantis. The governor’s wife proved to be a charismatic presence on the stage in her own right, and came close to overshadowing her slower-paced husband with her political screed and quick joking references to the couple’s children. It’s unlikely that tonight’s rally will move the needle in any meaningful way; the remarks themselves were not covered by Fox or MSNBC, and CNN opted to cover the rally with commentators talking over a silent, still-speaking DeSantis. Mr Trump, meanwhile, had no problem going after his opponent — not to mention any Republican who dared back him. On Truth Social, he griped during the rally about his old press secretary’s comments on Fox News, where she quoted a poll of the GOP primary that had apparently been corrected to show Mr Trump with an even greater margin over Mr DeSantis, which her old boss took as a slight. “Kayleigh ‘Milktoast’ McEnany just gave out the wrong poll numbers on FoxNews. I am 34 points up on DeSanctimonious, not 25 up. While 25 is great, it’s not 34. She knew the number was corrected upwards by the group that did the poll. The RINOS & Globalists can have her. FoxNews should only use REAL Stars!!!” he wrote. The Trump campaign also blasted out press releases touting the former president’s polling strength against Joe Biden, as compared to Mr DeSantis’s, as well as a separate statement accusing the Florida governor of “plagiarizing” the phrase “great American comeback” from Mr Trump’s own State of the Union address. That unequal tone has persisted for weeks as Mr Trump has turned his fire fully against Mr DeSantis who has all but completely refused to fight back — a handful of statements from his PAC have attacked the ex-president directly, without effect. If Tuesday night was any indication, Ron DeSantis believes that he can overcome a massive gap between himself and his most challenging political foe yet without ever landing a punch and with the same strategy that failed his predecessors in 2016. Read More Fair-weather DeSantis’ climate change rejection is ‘politicization’ at its finest LGBTQ people are fleeing Florida in ‘mass migration’ with some fundraising via GoFundMe Ron DeSantis called out for ‘ignoring’ Hollywood beach shooting: ‘He doesn’t care’ Trump White House official Peter Navarro to go on trial in September in Jan 6 contempt case Trump still dominates in first 2024 GOP poll since DeSantis announcement Nevada becomes latest to enhance penalties for election worker intimidation after statewide exodus

The debt-limit deal would rein in spending on some federal government services but barely dents the roughly $20

China’s manufacturing activity contracted for a second straight month in May, providing more evidence the post-Covid recovery in