Because the nation barrels towards defaulting on our debt, Home Speaker Kevin McCarthy stated Saturday that negotiations are on pause till President Joe Biden returns Sunday from the Group of Seven summit in Japan. Each side are accusing the opposite of being intractable in negotiations over elevating the debt ceiling, which Treasury Secretary Janet Yellen says we may hit as quickly as June 1, inflicting “financial chaos.”

Stated McCarthy in regards to the newest developments (or lack thereof):


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