McCarthy Says He Believes Congress Can Pass Debt Deal by June 5
- McCarthy: ‘not fearful’ of what’s in debt deal emerging
- Two sides worked well into the night on unresolved issues
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House Speaker Kevin McCarthy said negotiators still must resolve remaining issues in a deal to avert a catastrophic US debt default, but he believes negotiators can meet a June 5 deadline.
McCarthy signaled that he’s had to give in to at least some Democratic demands but said he’s not “fearful” of what is in the emerging agreement. He touted that it cuts “runaway spending,” a core GOP demand in exchange for lifting the country’s borrowing limit.