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. 

“I tried to sit down with the president and the president won’t communicate,” Speaker McCarthy said in an interview with Bloomberg TV. 

Enter your email to read this article.

Get 2 free articles when you subscribe.

or
Have an account? This is also a sign-in form.
By continuing you agree to our Privacy Policy and Terms of Service.
Advertisement
The New York Sun

© 2025 The New York Sun Company, LLC. All rights reserved.

Use of this site constitutes acceptance of our Terms of Use and Privacy Policy. The material on this site is protected by copyright law and may not be reproduced, distributed, transmitted, cached or otherwise used.

The New York Sun

Sign in or  Create a free account

or
By continuing you agree to our Privacy Policy and Terms of Use