Live updates: Debt ceiling negotiations continue as default deadline looms

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How America's debt ceiling deadlock could impact the rest of the world

House majority leader��argues Treasury Department is hedging on June 1 default deadlineHouse Majority Leader Steve Scalise holds a press conference following a House Republican caucus meeting at the Capitol on May 16 in Washington, DC. Kevin Dietsch/Getty Images

“What we'd like is to see more transparency on how they come to that date. But Janet Yellen herself actually left the door open to delaying that in her tweets yesterday. The comments that she sent out yesterday implied that it's June 1 or later, giving some openness to the idea that June 1 may not be the so called X-date,” he said. “It looks like they're hedging now and opening up the door to move that date back.

House Majority Whip Tom Emmer suggested members of Congress in the Senate “come back from their short vacation” and pass the House bill, which cleared the House on a party-line vote and has been deemed dead on arrival in the upper chamber. Emmer also attempted to put the blame on Democrats and President Joe Biden if the government ultimately defaults on its debt, parroting talking points circulated by House Speaker Kevin McCarthy's office Tuesday morning about the timeline of negotiations."The question actually remains, 'What is Joe Biden and his administration willing to give to provide solutions to the debt ceiling crisis and put this country on a better financial path?' ...

 

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