Debt ceiling negotiations stall with uncertain future.
TL;DR
House Minority Leader Kevin McCarthy has taken the lead in negotiating a bipartisan deal to raise the debt limit, while Senate Minority Leader Mitch McConnell has remained in the background. The deal would suspend the debt limit until December 2022 and avoid a potential government shutdown. The agreement still needs to be approved by both chambers of Congress.
- Mitch McConnell Stays in Back Seat as Kevin McCarthy Drives Debt-Limit Deal The Wall Street Journal
- What Republicans, White House are saying about debt ceiling talks pause CBS News
- Debt ceiling talks break up with negotiators unsure when they'll next meet CNN
- Debt ceiling clash should push states to rely less on federal money The Hill
- Biden: I Still Believe We'll Be Able to Avoid a Default Bloomberg
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