With just over a week until the U.S. potentially goes into default, the down-to-the-wire negotiations to raise the debt ceiling will likely dominate the Sunday talk show circuit once again. The White House and Republican lawmakers had yet to announce a deal as of Saturday afternoon, but both sides suggested on Friday night that they were nearing…
With just over a week until the U.S. potentially goes into default, the down-to-the-wire negotiations to raise the debt ceiling will likely dominate the Sunday talk show circuit once again.
The White House and Republican lawmakers had yet to announce a deal as of Saturday afternoon, but both sides suggested on Friday night that they were nearing a compromise.
Treasury Secretary Janet Yellen on Friday gave lawmakers a hard deadline of June 5 to raise the debt ceiling and prevent a potentially catastrophic default. Yellen had previously said the country would run out of money to pay its bills in early June, possibly as early as June 1.
While this gives negotiators some breathing room compared to the June 1 date, it also represents a hard deadline.
Speaker Kevin McCarthy (R-Calif.), who is set to join “Fox News Sunday” this weekend, vowed on Saturday that Congress will meet the June 5 deadline.
