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House Speaker McCarthy says debt ceiling negotiations can’t resume until Biden returns from G-7 summit



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U.S. House Speaker Kevin McCarthy (R-CA) speaks to reporters with U.S. Senate Republican Minority Leader Mitch McConnell (R-KY) at his side following debt limit talks at the White House in Washington, U.S., May 9, 2023. Kevin Lamarque | ReutersThe on-again, off-again deliberations on Capitol Hill surrounding the debt ceiling are back off-again, as House Speaker Kevin McCarthy told reporters on Saturday Republicans will only continue negotiations when President Joe Biden returns from the Group of Seven Summit in Japan.”Unfortunately, the White House moved backwards,” McCarthy said about the current deliberations surrounding the debt ceiling. “I don’t think we’re going to be able to move forward until the president can get back in the country,” he added.related investing news 10 hours agoOn Saturday evening, the Biden administration countered that it was the Republicans who on Friday made an offer on the debt ceiling that was “a big step back,” asserting that the proposal contained “extreme partisan de …

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