10 things you need to know today: May 31, 2023

House Rules Committee advances the debt ceiling deal, Putin calls a Moscow drone attack an attempt by Ukraine to "intimidate" Russians, and more

Kevin McCarthy surrounded by reporters and colleagues
A debt ceiling deal may finally be within reach
(Image credit: Kevin Dietsch / Getty Images)

1. Debt ceiling deal clears first obstacle

The bipartisan deal to raise the debt ceiling advanced through the House Rules Committee, narrowly passing 7-6 as two Republicans joined Democrats in opposing the bill. Conservative Reps. Chip Roy (R-Texas) and Ralph Norman (R-S.C.) tried to block the legislation, saying House Speaker Kevin McCarthy (R-Calif.) hadn't won enough spending cuts from President Biden during their negotiations, but another conservative, Rep. Thomas Massie (R-Ky.), split with them, setting up a debate and vote in the full House on Wednesday, five days before the June 5 deadline when the Treasury Department says it will run short of money to pay all the federal government's bills. Despite efforts from GOP hardliners to block it, McCarthy said he was confident the bill would pass.

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.