Debt Ceiling Talks Teeter On The Brink As Lawmakers Go On Vacation

  • Debt ceiling talks are on the brink just days before the U.S. could face an unprecedented default that could hurl the global economy into chaos.
  • Speaker Kevin McCarthy said he’s directed his negotiating team “to work 24/7 to solve this problem.”
  • Arriving at the Capitol, McCarthy, R-Calif., said that “every hour matters” in talks with President Joe Biden’s team as they work toward a budget deal.
  • Republican are demanding spending cuts the Democrats oppose, and McCarthy said a deal could come together “at any time.”
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