Speaker McCarthy said in order for Congress to avoid the possible June 1 ‘X-date,’ a deal would need to be reached in principle by this weekend. Speaker of the House Kevin McCarthy responds to a question from the news media during an impromptu question and answer session in Statuary Hall of the US Capitol, May 18, 2023, in Washington.
Lead negotiators were on Capitol Hill Thursday for a closed-door meeting on the debt ceiling.
“They are exceptionally smart. They are tough … it’s very professional how this discussion is,” McCarthy said of Young and Ricchetti. He later added, “They are working night and day.” “We’ve got a lot more work to do. Nothing is close to being done,” McHenry said. “But we’re in the right discussions. The right things are being discussed. And we have the right people in the room to get this to the point where the principles can meet and have some agreement.”
“The negotiations are currently making progress,” he said in floor remarks. “As Speaker McCarthy has said, he expects the House will vote next week if an agreement is reached, and the Senate would begin consideration after that.” headtopics.com
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