U.S. House Speaker Kevin McCarthy (R-CA) speaks to members of the media after meeting with U.S. President Joe Biden at the White House in Washington, DC, May 16, 2023.
Mandel Yan | AFP | Getty Images
WASHINGTON — House Speaker Kevin McCarthy told CNBC in an interview that he does not think the U.S. will default on its debt ceiling as tense negotiations continue.
“I don’t think ultimately we’re going to default on our debt,” McCarthy said Wednesday morning on CNBC’s “Squawk Box.”
The story is developing. Please check for updates.