McCarthy says debt ceiling standoff ‘not my fault,’ as White House warns of economic risks

On Wednesday, House Speaker Kevin McCarthy adopted a defiant stance, absolving himself of responsibility for the debt ceiling standoff.

He dispatched Republican negotiators to the White House to conclude discussions but emphasized that more time is required for reaching a budget agreement with President Joe Biden, the Associated Press reported.

McCarthy expressed cautious optimism about the prospects of reaching a resolution before an impending deadline, potentially within the next week, when the Treasury Department might exhaust its funds for bill payments.

"McCarthy says debt ceiling standoff ‘not my fault,’ as White House warns of economic risks"
READ MORE: https://apnews.com/article/debt-limit-congress-mccarthy-biden-budget-850273c73ed40f4ad002fa24e50f9b40

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