House Speaker Kevin McCarthy said on Monday that debt limit talks with Democrats and President Joe Biden are “not in a good place,” saying that Biden had delayed talks for 100 days.
A debt ceiling meeting has been scheduled for 3 p.m. ET on Tuesday. The meeting was originally set for last Friday but was postponed.
Adding to the pressure, Treasury Secretary Janet Yellen said in a letter to the congressional leadership on Monday that her department won’t be able to pay the federal government’s debts if the debt ceiling is not raised or suspended by June 1—an estimated deadline she provided in May but has now confirmed….
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