US lawmakers head home as catastrophic debt default looms - News Summed Up

US lawmakers head home as catastrophic debt default looms


House Speaker Kevin McCarthy said lawmakers would get 24 hours' notice if they were required to return for a vote, with Republicans and the White House reportedly closing the gap on their differences. ALSO READ | Global debt rising at alarming rate"We know where our differences are, and we will continue to be at the table to try to solve this problem," McCarthy said. Any agreement would require at least two days to be formalized in legislative language and McCarthy has insisted he will allow lawmakers three days to read any text before voting. Any agreement would require at least two days to be formalized in legislative language and McCarthy has insisted he will allow lawmakers three days to read any text before voting. ALSO READ | Why India doesn't have the luxury of using debt as a ladder to climb further


Source: Indian Express May 25, 2023 23:37 UTC



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