Debt limit deadlock looms as catastrophic default fears grow.

Senate Minority Leader Mitch McConnell is refusing to get involved in finding a solution to the looming debt default, instead putting the onus on House Speaker Kevin McCarthy and President Joe Biden to resolve it. McConnell is hesitating to get involved as he faces conflicting pressures about the way forward, according to Republican senators and sources familiar with his thinking. Many GOP senators and conservative advocates are demanding that McConnell maintain party unity, hoping the pressure will allow them to extract concessions from Biden to lift the debt ceiling.