House Speaker Kevin McCarthy said Tuesday that it’s « possible to get a deal by the end of the week. »
US stocks climbed Wednesday as investors cheered encouraging developments on the debt ceiling negotiations between President Joe Biden and lawmakers in Washington, DC.
After a Tuesday afternoon meeting between Biden and congressional leaders, House Speaker Kevin McCarthy said that there’s an improved process for further talks, and that it’s « possible to get a deal by the end of the week. » Biden had cancelled part of an overseas trip to prioritize the negotiations, the White House said.
« I think at the end of the day we do not have a debt default, » McCarthy told CNBC on Wednesday.
