Kevin McCarthy Says Talks Nowhere Near Debt Ceiling Deal

Also Read: Debt Ceiling Talks End With No Deal While Yellen Warns of Impending Cash Crunch

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Biden and McCarthy will be meeting everyday until a decision is reached before the June 1, 2023 deadline. Yet, the Republican leader indicated there was a long way to go before consensus is reached about the deal.

Talks Nowhere Near Debt Ceiling Deal

According to latest reports, McCarthy informed Republican lawmakers that a debt ceiling deal is nowhere near possibility at this point. Following the Monday meeting, the Republican leader said he would meet with the President every day until a deal is reached, amid deadline pressure. “The president and I know the deadline, so I think we’re going to talk every day … until we get this done,” he said.

Menawhile, there is fear of stock market crash and a drop in Crypto Market prices if a debt ceiling deal is not reached, CoinGape reported.

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