Debt Ceiling Talks Grind On; Republicans Say There’s ‘Lack Of Urgency’ From White House

  • Debt ceiling negotiators for President Joe Biden and House Speaker Kevin McCarthy held more talks at the Capitol Tuesday, but Republicans warned of a “lack of urgency” at the White House to resolve the budget standoff in time to avert a potentially chaotic federal default.
  • With less than a week to go before a deadline as soon as June 1 the Democratic president and the Republican speaker were staring down a financial crisis. Failure to strike a deal would be unprecedented, and certain to throw U.S. financial markets into turmoil, inflicting economic pain at home and abroad.
  • Behind closed doors, McCarthy urged the House Republican majority to “just stick together” despite their own factions as he negotiates the strongest deal possible for conservatives, said lawmakers exiting the private session.
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