Back to Story

Audio file not found.

'Crunch' time in debt ceiling talks, as McCarthy and Biden reach for a deal with deadline looming

Audio file not found.

Debt ceiling deadline is extended to June 5, later than previously estimated, Yellen says

Audio file not found.

Debt ceiling talks making 'progress' McCarthy says, talks narrow on deal ahead of looming deadline

Audio file not found.

'Crunch' time in debt ceiling talks, as McCarthy and Biden reach for a deal with deadline looming

Speaker of the House Kevin McCarthy, R-Calif., arrives at the Capitol in Washington, Friday, May 26, 2023. McCarthy says the mediators "made progress" on a deal with the White House to raise the debt limit and cut federal spending, as they race for agreement this weekend. (AP Photo/J. Scott Applewhite)

Speaker of the House Kevin McCarthy, R-Calif., arrives at the Capitol in Washington, Friday, May 26, 2023. McCarthy says the mediators "made progress" on a deal with the White House to raise the debt limit and cut federal spending, as they race for agreement this weekend. (AP Photo/J. Scott Applewhite)

The national debt clock is seen in midtown Manhattan, Thursday, May 25, 2023. Both President Joe Biden and House Speaker Kevin McCarthy are speaking hopefully of the likelihood of an agreement to raise the government's debt limit and avert an economically chaotic federal default. (AP Photo/Mary Altaffer)

The national debt clock is seen in midtown Manhattan, Thursday, May 25, 2023. Both President Joe Biden and House Speaker Kevin McCarthy are speaking hopefully of the likelihood of an agreement to raise the government's debt limit and avert an economically chaotic federal default. (AP Photo/Mary Altaffer)