Watch live: McCarthy to discuss debt ceiling negotiations amid deliberations
House Speaker Kevin McCarthy (R-Calif.) will deliver an address Monday evening on the current debt ceiling negotiations with President Biden.
Treasury Secretary Janet Yellen on Monday warned lawmakers the nation will run out of funds to pay its debts by “early June, and potentially as early as June 1.”
In a letter to McCarthy, Yellen offered little new information on a deadline, saying early June remained the deadline for Congress to take actions.
Republicans are demanding spending cuts in exchange for raising the debt ceiling, and the two sides are far apart on a number of sticking points.
The event is scheduled to begin at 7:00 p.m. ET.
Watch the video above.
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