Five Things You Need to Know to Start Your Day

Republicans stall business in the Chamber for a second day, global bonds slump, and a filing shows crypto funds moved $70 billion via Silvergate Bank and Signature Bank. — Liza Tetley

House speaker Kevin McCarthy called off votes for the remainder of the week after Republican hard-liners protested for a second day over the speaker’s backing of a compromise with the White House to avert a US debt default. The group says McCarthy’s debt-limit deal with President Joe Biden broke promises he made to them for lower spending caps, though McCarthy disputes that he broke any pledge. “I feel blindsided,” McCarthy said, adding that “some of these members don’t know what to ask for.”