Economics
McCarthy’s Message to Wall Street: You Should Worry About the US Debt Ceiling
- Complains Biden ‘won’t communicate’ on how spending plan
- McCarthy says House will not pass clean debt ceiling increase
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House Speaker Kevin McCarthy said Wednesday that Wall Street should be concerned about the political impasse over the US debt ceiling as the country inches closer to a possible payment default.
The California Republican, in an interview with Bloomberg TV’s “Balance of Power” said he is “very concerned” about reaching a deal with Democrats on the debt limit. But he remained opposed to increasing the nation’s debt limit without curbing government spending.