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Advance US News Diary

May 8-14: Debt limit talks, Title 42 ends, Moscow military parade and Turkish elections

Border Patrol Agent speaks to migrant
May 5, 2023
  • Slice 1

A look ahead at the key events leading the news agenda next week, from the team at Foresight News. Delivered to your inbox on Fridays.

Leading the week

After Treasury Secretary Janet Yellen announced that the US could default as early as June 1 if Congress doesn’t take action to raise the debt limit before then, all eyes will be on talks between President Joe Biden and congressional leaders on Tuesday (May 9). The meeting comes amid a standoff between Biden and House Speaker Kevin McCarthy, who on April 26 managed to pass legislation in that would raise the debt limit by $1.5 trillion but came with a series of conditions attached including massive discretionary spending cuts and demands to reverse key pieces of Biden’s agenda, predictably rejected by the White House. With neither side showing signs of flinching, some are pinning hopes on a long-shot plot by House Democrats to bypass McCarthy through a so-called discharge petition that could bring a vote on a ‘clean’ debt limit resolution to the House floor. Perhaps more likely, though, is a short-term extension to the debt limit, something OMB Director Shalanda Young suggested when she appeared at a White House briefing yesterday. 

Speaker Kevin McCarthy

Meanwhile, officials are bracing for a surge in migrant arrivals at the southern border when Title 42 restrictions expire on Thursday (May 11) in conjunction with the formal end of COVID-19 emergency declarations that day. The Administration has faced criticism for its plans to send some 1,500 troops to the border, particularly since Vice President Kamala Harris labelled a similar move by Donald Trump ‘political’ and ‘inappropriate’. One silver lining may be that the end of Title 42 has led to renewed efforts on Capitol Hill to pass comprehensive immigration reform legislation, with the House planning to vote on their package as soon as this month. And though finding a workable compromise with the Democrat-controlled Senate will be a struggle, proposals presented by Senator Bob Menendez last month could form the basis for a conversation about a bipartisan, long-term solution to an issue that has evaded Congress for over 30 years. 


Looking abroad 

Vladimir Putin with military figures

Despite Russian allegations of an assassination attempt on President Vladimir Putin earlier this week, the Kremlin has insisted Moscow’s annual Victory Day military parade will go ahead as planned on Tuesday (May 9), though likely under heightened security. The event ostensibly marks the Soviet victory over Nazi Germany in World War II, though Russia’s invasion of Ukraine will once again dominate the narrative. It follows a dramatic week that saw fresh waves of Russian airstrikes in Ukraine while Volodymyr Zelenskyy paid surprise visits to Finland and the Netherlands, where he once again called for the establishment of a special tribunal to investigate and prosecute Russian war crimes. Tuesday’s parade also comes a day ahead of the withdrawal on Wednesday (May 10) of Wagner mercenaries from Bakhmut in Ukraine, announced by the group’s founder Yevgeny Prigozhin amid an escalating dispute over ammunition supplies.

Turkish President Erdogan

Turkish President Recep Tayyip Erdogan is facing what many are calling his toughest election battle to date on Sunday (May 14) as voters cast their ballots in presidential and legislative elections. His main challenger is Kemal Kilicdaroglu, leader of the centre-left Republican People’s Party (CHP) representing a coalition of six opposition parties. Erdogan has faced criticism over high inflation and the high death toll from February’s twin earthquakes, partly attributed to shoddy construction practices under his watch. But after more than 20 years in power, the president still has a loyal following and will be hoping he has done enough at least to force a runoff vote on May 28. 


 

Also look out for...

May 8

Closing arguments due in Trump rape trial barring reversal on testimony decision 

Tim Scott holds New Hampshire town hall 

Emmanuel Macron attends VE Day commemorations  

Pulitzer Prizes announced 

LA premiere of The Little Mermaid 

May 9

Mike Pence speaks at Center for Christian Virtue 

FDA meeting on over-the-counter birth control pill 

Republican debate in Kentucky gubernatorial primary 

UN Security Council discusses Sudan 

Olaf Scholz addresses European Parliament 

Westminster Kennel Club announces ‘Best in Show’ 

May 10

Joe Biden visits New York 

Donald Trump CNN town hall  

FBI Director Christopher Wray at Senate hearing 

House hearing on federal response recent bank failures 

Senate hearing on situation in Sudan 

Hearing in Smartmatic lawsuit against Fox 

NATO Chiefs of Defence meeting 

Google I/0

May 11

Hearing in challenge to Missouri transgender care ban 

DNI Avril Haines at Atlantic Council awards 

Seven-day truce in Sudan ends 

G7 finance and central bank chiefs meeting begins in Japan 

Academy of Country Music Awards

May 12

Joe Biden hosts Spanish prime minister

Ron DeSantis at Michigan event

Former Manhattan prosecutor Mark Pomerantz deposition before House Judiciary Committee

Hearing in challenge to Montana Medicaid abortion ban

EU foreign ministers meet in Sweden

May 13

Donald Trump holds rally in Iowa 

Ron DeSantis at Iowa events 

EU and Indo-Pacific foreign ministers meet in Sweden 

Elections in Mauritania 

Eurovision Song Contest final

May 14

Thailand holds parliamentary elections 

Volodymyr Zelenskyy honored at Charlemagne Prize ceremony

Statistics, Reports and Results

May 8

SM Semi-Annual Economic Forecast 

Results from:  BioNTech, Paypal 

May 9

Results from: Saudi Aramco, Airbnb, Devon Energy, Gap Stores, Under Armour, Nintendo

May 10

Consumer Price Index 

Results from: Walt Disney Company, New York Times, Toyota, Panasonic, HeidelbergCement, Credit Agricole, Liberty Global

May 11

Producer Price Index 

UK interest rate decision announced 

China consumer inflation 

Results from: News Corp, Nissan, SoftBank

May 12

UK Q1 GDP 

Results from: Foxconn, AngloGold Ashanti, Toshiba, Olympus, SocGen, Tata Motors

Anniversaries and Awareness Days

May 8

Victory in Europe Day marking end of WWII 

World Red Cross and Red Crescent Day 

World Ovarian Cancer Day

May 9

Europe Day

May 10

Confederate Memorial Day (marked in North and South Carolina) 

World Lupus Day 

Anti-Slavery Day (France)

May 11

One year ago: journalist Shereen Abu Akleh killed 

Nine years ago: Donbas status referendums held

May 12

International ME Awareness Day 

International Nurses Day

May 13

World Migratory Bird Day 

World Fair Trade Day

May 14

Mother’s Day 

75 years ago: Israeli declaration of independence


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