Debt ceiling negotiations continue amidst political tensions.
TL;DR Summary
House Minority Leader Kevin McCarthy has said that Congress could vote on a bill to raise the debt ceiling next week, as the US Treasury Department warns that the country could default on its debt as soon as October. The bill would need to pass both the House and Senate before being signed into law by President Biden.
- Congress could vote on debt ceiling bill next week, Kevin McCarthy says Financial Times
- 'We will not default': Biden speaks on debt ceiling negotiations NBC News
- Senate Dems to Biden: Bypass GOP, Get Rid of the Debt Ceiling Forever Business Insider
- The US debt ceiling crisis is more proof of Republicans’ cynicism and bad faith The Guardian
- Opinion | How to Use the Debt Ceiling to Inflict Cruelty on the Poor The New York Times
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