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House Speaker McCarthy opens next phase of debt ceiling fight with direct pitch to Wall Street

Posted on AllSides April 17th, 2023
From The Center
Federal State and Tribal Powers, US Congress, Debt Ceiling, Kevin McCarthy, Federal Spending
Timothy A. Clary | Afp | Getty Images

House Speaker Kevin McCarthy will make his case that failing to strike a deal and lift the debt ceiling could upend global markets from the most high-profile market of all: The New York Stock Exchange.

It’s an unusual setting for a political speech, but McCarthy’s visit Monday will echo former President Ronald Reagan’s visit to the floor in 1985, his first of two as president.

As Congress returns to from a two-week recess to a summery capital where the Treasury Department’s mid-summer debt ceiling deadline feels tangibly closer, McCarthy finds himself in...

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