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McCarthy says debt ceiling standoff ‘not my fault,’ as White House warns of economic risks

Por: Portland Press Herald Business May 25, 2023

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WASHINGTON — A defiant House Speaker Kevin McCarthy said Wednesday the debt ceiling standoff was “not my fault” as he sent Republican negotiators to the White House to finish out talks, but warned the two sides need more time as they try to reach a budget deal with President Biden. McCarthy said he remained optimistic they could reach an agreement before a deadline as soon as next week when the Treasury Department could run out of cash to... + full article



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