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McCarthy Says Debt Deal Remains Elusive as Negotiations Resume

  • Speaker urges House GOP to stick together on their demands
  • Contrast with positive public signals from Biden, McCarthy
Bloomberg business news
House GOP Debt Negotiator Signals Impasse in Debt Talks
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House Speaker Kevin McCarthy told Republicans Tuesday that debt-limit talks still have some distance to go and pleaded with them to stay united on the party’s demands for spending cuts to avert a US default.

McCarthy’s comments at a closed-door meeting for all House Republicans suggested urgency and uncertainty as Washington’s stand-off over a potential US default enters the end game.