McCarthy Warns of Impending Disaster

Top news right now: House Speaker Kevin McCarthy expressed skepticism about negotiations with President Joe Biden over the debt ceiling. Despite reports of optimism on Friday, negotiations do not seem to be producing compromises on the majority of demands Republicans have made conditional on increasing the debt ceiling. Republicans passed the Limit, Save, Grow Act in April, which sets conditions for raising the debt ceiling, including reforms to energy permits and work requirements for Medicaid and SNAP food stamp recipients. McCarthy says a deal needs to be reached by this weekend to have a timeline to pass it in both houses. The U.S. is projected to exhaust all emergency measures to meet its debt obligations by June 1. Dive deeper into this story, tap the link in our bio.

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