McCarthy’s Republicans push debt ceiling talks to brink, lawmakers leaving town for weekend

has offered to freeze next year’s 2024 spending at current levels, but the Republican leader says that’s not enough., R-Calif.

Failure to raise the nation’s debt ceiling, now at $31 trillion, would risk a potentially chaotic federal default, almost certain to inflict economic turmoil at home and abroad. Anxious retirees and social service groups are among those already making default contingency plans.has promised lawmakers he will abide by the rule to post any bill for 72 hours before voting - now likely Tuesday or even Wednesday.

The Republicans may achieve their goal of of rolling back bolstered funding for the Internal Revenue Service if they agree to instead allow the, press secretary Karine Jean-Pierre blamed Republicans for risking a devastating default that would hit “every single part of the country” as they demand “extreme” spending cuts that would hurt millions of Americans.

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