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High stakes: Best- and worst-case scenarios for Kevin McCarthy in debt crisis crunch

Posted on AllSides May 22nd, 2023
From The Right

Time is ticking before the United States defaults on its national debt, and House Speaker Kevin McCarthy (R-CA) is facing pressure on two fronts: one from the White House to make concessions on the GOP's debt ceiling bill and one from his own party to cut spending and avoid a looming debt crisis.

McCarthy and President Joe Biden are set to meet Monday afternoon to continue on-again, off-again negotiations to strike a budget compromise as June 1, the projected default date, grows closer. Hanging over the speaker's head is the growing frustration from Republicans who want to see...

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