Published by Reuters By Moira Warburton and Katharine Jackson WASHINGTON (Reuters) -Top congressional Republican Kevin McCarthy said on Saturday he was making “progress” in negotiations with Democratic President Joe Biden on raising the federal government’s debt ceiling, as the nation faced risk of default in little more than a week. Time is tight. The Treasury […]
The post McCarthy cites ‘progress’ in US debt-ceiling talks with White House appeared first on The Moderate Voice.
By Moira Warburton and Katharine Jackson WASHINGTON (Reuters) -Top congressional Republican Kevin McCarthy said on Saturday he was making “progress” in negotiations with Democratic President Joe Biden on raising the federal government’s debt ceiling, as the nation faced risk of default in little more than a week. Time is tight. The Treasury Department on Friday said the government would run short of funds to pay all its bills on June 5 without congressional action, a slightly later but firmer deadline than its prior forecast of default as early as June 1. And any deal in principle between Bide…
The post McCarthy cites ‘progress’ in US debt-ceiling talks with White House appeared first on The Moderate Voice.
