Kevin McCarthy says debt-limit deal ‘closer’ but ‘not today’

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House Speaker Kevin McCarthy expressed optimism Saturday about sealing a deal to raise the federal debt ceiling before June 5.

“I feel closer to an agreement now than I did a long time before,” he

Speaker of the House Kevin McCarthy was surrounded by reporters Friday as he continued battling the White House over spending.Timing is everything as Republicans and the White House battle over spending ahead of what the Biden administration says could be a ruinous federal debt default.until June 5 Minority Leader Hakeem Jeffries has said the Republican push to impose work requirements on government aid recipients is a “nonstarter.”And under the House’s rules, McCarthy must give members 72 hours to review a bill’s final language before calling a vote on it – a three-day delay that now could leave the nation on the fiscal brink.

Source: Loan Digest (loandigest.net)

 

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