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

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...