McCarthy, Schumer Eye Debt-Limit Votes Ahead of June 1 Deadline
- Narrowed group of negotiators has been discussing framework
- Treasury secretary has warned US could run out of cash June 1
House Speaker Kevin McCarthy and Senate Majority Leader Chuck Schumer are making plans for votes in the coming days on a bipartisan deal to avert a catastrophic US debt default.
McCarthy said that negotiators on the federal debt limit may reach an agreement in principle as soon as this weekend, lining up a vote in his chamber.