House Speaker Rep. Kevin McCarthy (R-Calif.) said Wednesday that investors should be worried about the deadlock in Washington over raising the debt ceiling as the United States inches closer to a possible debt default, which both Democrats and Republicans have warned would be terrible for the economy.
McCarthy told Bloomberg TV in an interview Wednesday that he’s “very concerned” about President Joe Biden’s refusal to negotiate with Republicans about cutting government spending in exchange for GOP support to raise the debt ceiling.
