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Day 863

1/ A group of Republicans threatened to delay plans to fast-track the House-passed bill to suspend the debt ceiling and limit federal spending before Monday’s default deadline. Lindsey Graham said he’d keep the Senate tied up “until Tuesday” unless he received assurances that there would be a supplemental funding bill to spend more money on the military than the debt limit deal allowed. Under the bill, defense spending would be capped at $886 billion next year – a 3% increase – which Susan Collins called “woefully inadequate.” Biden needs to sign the debt ceiling bill into law by Monday to avoid a default. “Time is a luxury the Senate does not have if we want to prevent default,” Chuck Schumer said. “June 5 is less than four days away. At this point, any needless delay or any last-minute holdups would be an unnecessary and even dangerous risk.” (CNBC / Washington Post / New York Times / Associated Press / NBC News / Bloomberg / Wall Street Journal)

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