McCarthy Says Investors, Wall Street Need To Be Worried About Looming Debt Ceiling Crisis

According to an estimate from the Department of the Treasury, the debt ceiling will be breached in early June.

AP/Andrew Harnik, file
President Biden meets with congressional leaders in November to discuss legislative priorities for the year. AP/Andrew Harnik, file

With just eight weeks to go before the United States breaches the debt ceiling, the speaker of the House is telling the country’s largest financial institutions and investors in the nation’s stock markets that they need to start worrying about President Biden’s no-compromise position. 

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