- 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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Debt Ceiling Talks Teeter On The Brink As Lawmakers Go On Vacation
FILE - President Joe Biden talks with House Speaker Kevin McCarthy of Calif., on the House steps as they leave after attending an annual St. Patrick's Day luncheon gathering at the Capitol in Washington, Friday, March 17, 2023. Facing the risk of a government default as soon as June 1, President Joe Biden has invited the top four congressional leaders to a White House meeting for talks on Tuesday, May 9. (AP Photo/Alex Brandon, File)
