Kevin McCarthy To Wall Street: Be Afraid

House Speaker Kevin McCarthy (R-Calif.) traveled to New York on Monday to warn Wall Street that the federal government could fail to pay its bills this year, potentially roiling financial markets.

McCarthy has vowed Republicans won’t allow the government to borrow more money to make bond payments and cover basic expenses unless President Joe Biden agrees to a set of Republican demands.

The only problems are that Biden has refused to negotiate with McCarthy, and Republicans haven’t figured out what they even want to demand. So McCarthy told an audience...