McCarthy Confident Debt Ceiling Agreement Will Be Made

McCarthy Confident Debt Ceiling Agreement Will Be Made


Get the latest crypto market news on the ongoing debt ceiling deal talks as top Republican leader Kevin McCarthy expresses optimism for a deal, although the markets continue to feel the heat and Bitcoin remains in bearish waters.

Cryptocurrency Market News: Top Republican leader Kevin McCarthy on Wednesday stated he was optimistic about getting a deal even though there is a long way to go before reaching consensus to commit to a deal on raising the debt ceiling. He addressed the concerns around the status of deal talks amid market uncertainty before the June 1, 2023 deadline, within a press conference. Significantly, he stated there may be progress made thereafter today, in the context of a halt in deal talks since his Monday meeting with United States President Joe Biden.

The United States Markets continue to feel the heat from the delay in debt ceiling deal talks since Monday, as the S&P 500 Index, Dow Jones and Nasdaq continue to trade in the red. Similarly, Bitcoin (BTC) price seems to be in bearish waters until some clarity on deal status is reached.

READ NOW
SEC Targets $120B Crypto Tokens

Kevin McCarthy: No Debt Default

Speaking at a press conference, the top Republican stated he doesn’t think there will be a defaultm and that he firmly believes the leaders will be able to get a deal. Nonetheless, he said both sides are still far apart on debt talks but can get to saying yes for a deal.

“There are still differences over spending. I am sending our negotiators down to the White House to try and finish up the talks.”

Source

Read Disclaimer
This page is simply meant to provide information. It does not constitute a direct offer to purchase or sell, a solicitation of an offer to buy or sell, or a suggestion or endorsement of any goods, services, or businesses. Lolacoin.org does not offer accounting, tax, or legal advice. When using or relying on any of the products, services, or content described in this article, neither the firm nor the author is liable, directly or indirectly, for any harm or loss that may result. Read more at Important Disclaimers and at Risk Disclaimers.




Follow us

Latest Crypto News

Share via
Share via
Send this to a friend