McCarthy Blames “Socialist” Dems For Debt Impasse

The Associated Press reports:

House Speaker Kevin McCarthy said Wednesday he was sending Republican negotiators to the White House to finish out debt limit talks. But McCarthy, R-Calif., said the two sides are “still far apart.”

Time is short to strike a deal. Treasury Secretary Janet Yellen said Wednesday that “it seems almost certain” that the United States would not make it past early June without defaulting. That would be catastrophic, as the government risks running out of cash to pay its bills as soon as June 1.

Cheered on by a hard-charging conservative House majority that hoisted him to power, McCarthy, R-Calif., was not swayed by a White House counter-offer to freeze spending instead. “A freeze is not going to work,” McCarthy said.

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