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June default ‘X-date’ aids Speaker McCarthy’s push for debt ceiling talks

By David Sivak
Published May 5, 2023 3:00am ET
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June default ‘X-date’ aids Speaker McCarthy’s push for debt ceiling talks
House Speaker Kevin McCarthy (R-CA) spent months at square one as he tried to force President Joe Biden to agree on federal spending cuts in exchange for a hike to the nation’s borrowing limit. But Treasury Secretary Janet Yellen’s announcement that the United States could default on its debts as early as June 1 seems […]

House Speaker Kevin McCarthy (R-CA) spent months at square one as he tried to force President Joe Biden to agree on federal spending cuts in exchange for a hike to the nation’s borrowing limit.

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Congress Debt Ceiling Fiscal Policy Joe Biden Kevin McCarthy Republican Party Washington D.C.