Kevin McCarthy said he feels “closer to an agreement now than I did for a long time, because I see progress.”
and other GOP lawmakers signaled Saturday that debt negotiations remain mostly stalled.
Arriving at the Capitol mid-morning Saturday, McCarthy told reporters there is no deal yet but that he feels “closer to an agreement now than I did for a long time, because I see progress.”Meanwhile, President Joe Biden had left Washington Friday evening to spend the weekend at Camp David. White House negotiators working on his behalf continued communicating with House Republicans via phone and virtual meetings. told reporters that a deal is hours or days away.
Late Friday, Treasury Secretary Janet Yellen said the country would run out of funds by June 5, crystallizing the deadline facing Congress. Prior estimates said the country could default as early as June 1.in the last 24 hours and he reiterated that he would give lawmakers 72 hours to read the bill text before a vote. That pledge could complicate the timing for passage, given the Senate may also need a few days to pass a deal that hasn’t even been reached yet.
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