House Speaker Kevin McCarthy is optimistic that congressional negotiators could reach a deal to raise or suspend the debt ceiling in time to hold the first vote on it next week.
The comments marked a significant shift for McCarthy, who has been warning for months that the political process was stalled, and the nation faced a very real prospect of debt default.
“I just believe where we were a week ago and where we are today is a much better place,” said McCarthy.
WASHINGTON — House Speaker Kevin McCarthy said Thursday that he is optimistic that congressional negotiators could reach a deal to raise or suspend the debt ceiling in time to hold a House vote on it next week.
“I see the path that we can come to an agreement,” McCarthy told reporters in the Capitol. “And I think we have a structure now and everybody’s working hard, and I mean, we’re working two or three times a day, then going back getting more numbers.”
McCarthy spoke as a small group of White House negotiators met on Capitol Hill with McCarthy’s team to hammer out a deal that’s able to pass the Republican majority House and the Democratic controlled Senate ahead of a potential June 1 deadline, the soonest date the Treasury could run out of cash to pay debts already incurred.
“I just believe where we were a week ago and where we are today is a much better place, because we’ve got the right people in the room discussing it in a very professional manner, with all the knowledge, all the background from all the different leaders,” McCarthy added, according to several reporters present.
This week, the White House dispatched two new negotiators to take the lead in the delicate talks, presidential counselor Steve Ricchetti and Office of Management and Budget director Shalanda Young.
McCarthy praised the pair on Thursday. “I have the greatest respect for Shalanda and for Ricchetti. They are exceptionally, smart, tough, they are strong in their beliefs on the Democratic side, just as who we have in the room.”
“They’re working through it in a very professional manner, seeing where we can be able to raise the debt ceiling, taking concerns of what the House has, and others, and put a bill together that will become law,” said the California Republican.
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