News Snapshot:
Congressional Budget Office warns U.S. could default on its debt as early as July U.S. could default on its debt this summer U.S. could default on its debt this summer Washington — House Speaker Kevin McCarthy on Tuesday called on President Biden to hold another round of talks over a deal to raise the debt ceiling, warning that the White House is "putting an already fragile economy in jeopardy" by refusing to consider pairing cuts to federal spending with lifting the nation's borrowing authority. McCarthy said in a letter to Mr. Biden that he is prepared to sit down with...
