Economic chaos looms as Congress struggles with debt negotiations | USA TODAY

Senate Majority Leader Chuck Schumer and Speaker Kevin McCarthy weighed in on debt negotiations following a meeting with President Biden.

RELATED: No debt limit deal made during Biden, McCarthy meeting at White House

The U.S. faces a June 1 deadline to raise the debt ceiling to avoid a government default and a potential economic crisis. After the meeting, McCarthy and Republican Senate Leader Mitch McConnell said Republicans remain committed to spending cuts as part of raising the debt ceiling, while Biden and Democrats made clear they remain opposed.

"The bottom line is very simple: There are large differences between the parties," Senate Majority Leader Chuck Schumer said.

» Subscribe to USA TODAY:
» Watch more on this and other topics from USA TODAY:
» USA TODAY delivers current local and national news, sports, entertainment, finance, technology, and more through award-winning journalism, photos, videos and VR.

#McCarthy #Debt #Politics

One comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.