McCarthy Signals Debt Deal Optimism as US Put on Credit Watch
- Fitch places US on credit watch amid tumultuous debt talks
- McCarthy says he ‘firmly’ believes a deal will avert default
This article is for subscribers only.
House Speaker Kevin McCarthy’s optimism that White House and Republican negotiators would reach a deal in time to avert a potentially catastrophic default didn’t mollify analysts as the US was put on a sovereign ratings watch.
The California lawmaker said Wednesday after a four-hour meeting between his and President Joe Biden’s hand-picked negotiators that a deal was possible before June — the date by which Treasury Secretary Janet Yellen has warned the US could run out of money to pay its bills.