


“I think the negotiations are very active. White House and congressional staffers continued meeting through the weekend, and on Saturday, Treasury Secretary JANET YELLEN - whose role heretofore has mostly been to keep the pressure on Congress - gave an uncharacteristically positive update.| Carolyn Kaster/AP Photo DRIVING THE DAYĭEMOCRACY ABROAD - Latest in Turkey, via AP: “Turkish President RECEP TAYYIP ERDOGAN, who has ruled his country with an increasingly firm grip for 20 years, was locked in a tight election race early Monday, with a make-or-break runoff against his chief challenger possible as the final votes were counted.” … Latest in Thailand, via Reuters: “Thailand’s opposition secured a stunning election win on Sunday after trouncing parties allied with the military, setting the stage for a flurry of deal-making over forming a government in a bid to end nearly a decade of conservative, army-backed rule.”īREAKING OVERNIGHT - “Vice Media to Sell Itself as It Files for Bankruptcy,” by WSJ’s Dave Sebastian: “The company, whose assets include Vice News, Vice TV, Refinery29 and Motherboard, on Monday said a group of its creditors, including Soros Fund Management, Fortress Investment Group and Monroe Capital has agreed to buy Vice for about $225 million and take on ‘significant liabilities.’ … The bankruptcy filing marks the latest downfall in the wave of digital media platforms that once threatened traditional news outlets.”ĭEBT LIMIT LATEST - The prospects for a deal to raise the debt limit seem a bit brighter this morning:

President Joe Biden sounded surprisingly immersed in the policy weeds of a potential debt limit agreement when he interrupted a Mother’s Day bike ride in Rehoboth yesterday.
