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McCarthy addresses debt-ceiling angst: 'I would not, if I was in the markets, be afraid of anything'

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House Speaker Kevin McCarthy makes an effort to address concerns among investors that a divided Washington won't be able to make a deal on a debt-ceiling hike.

House Speaker Kevin McCarthy on Wednesday made an effort to address concerns among investors that a divided Washington won’t be able to make a deal on a debt-ceiling increase and thereby avoid a market-shaking default.

“We are working night and day. I would not, if I was in the markets, be afraid of anything in this process,” the California Republican said during a Fox Business interview after the market’s close.McCarthy hasn’t been an active buyer and seller of individual stocks, according to an analysis of disclosures by CapitolTrades.com, which shows no trades by the speaker in the past three years.

U.S. stocks SPX DJIA closed lower Wednesday as concerns about the debt-ceiling standoff appeared to spur selling. He appeared to push back against some of his fellow Republicans who have expressed skepticism about Yellen’s debt-ceiling deadline of June 1.

 

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