“I feel closer to an agreement now than I did a long time before because I see progress,” McCarthy told reporters on Saturday. “I don't give up. It doesn't matter how many times it takes; you want to make sure you get a deal worthy of the American people.”McCarthy arrived at the Capitol around 10:30 a.m. to continue talks with Reps. Garret Graves and Patrick McHenry , who returned early Saturday after working until roughly 2:30 a.m. to iron out the final details of the debt ceiling deal.
“These are tough things, and this is not how I anticipated the final hours, days would go,” McHenry said. The clock is ticking for negotiators to reach a deal before the so-called “X-date” on June 5, which is the day the country is expected to no longer be able to pay off its debts. Treasury Secretary Janet Yellen updated the deadline from her initial projection of June 1, buying Republicans and the White House four extra days to finalize an agreement and get a bill passed through Congress before a possible default.
Source: Loan Digest (loandigest.net)
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