May 17, 2023

WASHINGTON — Top leaders from both sides of the aisle reassured Americans on Wednesday that the U.S. won’t default on its debt as tense negotiations over the debt ceiling continued.

“I think at the end of the day we do not have a debt default,” House Speaker Kevin McCarthy told CNBC in a “Squawk Box” interview Wednesday morning.

President Joe Biden echoed that sentiment later in remarks from the White House, “We’re going to come together because these is no alternative,” he said. “Every leader in the room understands the consequences of failure.”

Read more:

https://www.cnbc.com/2023/05/17/debt-ceiling-talks-progress.html