Kevin McCarthy: Debt ceiling negations progressing
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Republican lawmakers, House Freedom Caucus demand Kevin McCarthy hold the line on debt ceiling negotiationsMembers of the right-wing House Freedom Caucus and other GOP lawmakers are pressuring Speaker Kevin McCarthy (R-Calif.) to stand firm in debt ceiling negotiations with President Biden.
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Kevin McCarthy's Republicans push debt ceiling talks to brink, lawmakers leaving town for weekendLegislators are just days out from a possible devastating debt default if Congress fails to act to raise the borrowing limit. The fallout could hurl the global economy into chaos.
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As deadline approaches, Joe Biden, Kevin McCarthy narrow in on budget deal to lift debt ceilingAs soon as June 1, Treasury says it could run short of funds to pay the bills. A federal default on the nation's debt would send the economy into chaos.
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Kevin McCarthy says debt ceiling talks making progress as June 1 deadline nearsHouse Speaker Kevin McCarthy says negotiators have 'made progress' on a deal with the White House to raise the nation's debt limit, avert default and cut federal spending.
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McCarthy: Still 'far apart' from White House on parts of debt ceiling dealPresident Joe Biden and House Speaker Kevin McCarthy are not any closer to reaching a deal on how to raise the debt ceiling and they're running out of time before June 1, the earliest a default on the nation's debt could occur.
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