House Speaker Kevin McCarthy said that negotiators on the federal debt limit may reach an agreement in principle as soon as this weekend and that he expects his chamber to consider a deal by next week.
“I can see now where a deal can come together,” the California Republican told reporters Thursday at the Capitol.
In order to avoid a historic US default, McCarthy said, the House will need to vote by next week on any compromise produced by the negotiators he and President Joe Biden named on Tuesday.
