Debt ceiling battle heats up as Republicans seek to challenge White House.
TL;DR Summary
House Speaker Kevin McCarthy will make a speech on Wall Street, warning that failing to lift the debt ceiling could disrupt global markets. President Joe Biden has refused to negotiate over the debt limit, and has dismissed Republican efforts to tie a debt ceiling vote to a simultaneous deal on budget negotiations. McCarthy's own caucus of House Republicans is divided on spending cuts, making his job more difficult.
- House Speaker McCarthy opens next phase of debt ceiling fight with direct pitch to Wall Street CNBC
- Kevin McCarthy to pitch fiscal plan with debt ceiling crisis looming The Washington Post
- Democratic senators favor forcing House vote on debt limit increase The Hill
- Debt-Ceiling Standoff: Are Republicans Getting Ready to Blink? Bloomberg
- House Republicans in talks over one-year debt ceiling plan in push to challenge White House CNN
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