Time Is Running Out for Congress to Raise the Debt Ceiling
With a June 5 deadline looming, there is much to be done to prevent the default that leaders of both parties said would never happen.
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With a June 5 deadline looming, there is much to be done to prevent the default that leaders of both parties said would never happen.
As Republicans and the White House say they are getting much closer to a deal, Democrats are frustrated that their leaders are ceding the political messaging to Kevin McCarthy.
Speaker Kevin McCarthy said Wednesday that negotiations to lift the statutory debt limit are going better than they had been a day earlier.
House Democrats say they want more visibility in what is being discussed and more aggressive pushback from President Biden against Republicans.
Negotiators reconvened on Thursday after working through the night to strike a deal, as hard-right Republicans and some Democrats expressed concerns about the shape of an emerging compromise.