McCarthy Notes Progress as Debt-Limit Talks Narrow Toward Deal

House Speaker Kevin McCarthy said talks on the debt ceiling resumed Friday, with negotiations stretching into the final days before the US risks defaulting.

“I thought we made progress yesterday. I want to make progress again today,” McCarthy told reporters as he entered the Capitol after a morning bike ride with top negotiator Representative Garret Graves.

McCarthy, who noted he hasn’t spoken with President Joe Biden in the last 24 hours, has signaled over the last several days that a deal is slowly coming together. Even so, Congress risks not passing a final deal before June 1 — the date by which Treasury Secretary Janet Yellen has said the US could start running out of cash to pay its bills.

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