Biden will not invoke the Fourteenth Amendment to stave off a debt ceiling crisis, Treasury Secretary Wally Adeyamo told CNN Friday.
Republican House leaders expressed a growing sense of optimism about the progress of debt ceiling talks Friday, indicating the White House and congressional negotiators are close to reaching a deal with less than a week to go before the deadline set by Treasury Secretary Janet Yellen for when the U.S. could default on its debt.2023 as congressional negotiators and the White House are reportedly close to reaching a deal to raise the federal debt limit.
Rep. Patrick McHenry , a key GOP negotiator, also expressed a more optimistic tone Friday, telling reporters “there is forward progress,” while also acknowledging overall federal spending remains a key sticking point. McHenry indicated the details of a deal are in flux, and said he was uncertain that an agreement could be reached by the end of the day Friday: “Each time there's forward progress, the issues that remain become more difficult and more challenging,” he said.
McHenry’s sudden optimism marks a shift from his sentiment a day earlier, when he said “nothing’s resolved” and “we have serious issues still to work out.” The comments are the latest signs that Republicans and the White House are likely to reach an agreement to stave off a default after months of impasse: Deputy Treasury Secretary Wally Adeyamo
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