McCarthy says negotiators are 'closer to an agreement' on debt crisis, but no deal yet
House Speaker Kevin McCarthy says Republican negotiators are “closer to an agreement” that would resolve the looming debt crisis, but there's no deal yet with President Joe Biden WASHINGTON -- House Speaker Kevin McCarthy said Saturday that Republican negotiators were “ close r to an agreement” that would resolve the looming debt crisis , but had not reached a deal with President Joe Biden. He said there was no firm timeline for a final compromise that would raise the nation’s borrowing limit and avoid a catastrophic default while also making spending cuts that House Republicans are demanding. House negotiators left the Capitol after 2 a.m. and returned hours later. “We’ll get it when it gets right," McCarthy, R-Calif., said as he arrived on Capitol Hill. McCarthy’s comments echoed the latest assessment from Biden, who said Friday evening that bargainers were “very close .” Their optimism came as Treasury Secretary Janet Yellen told Congress that the United States could defau...