Breaking: Kevin McCarthy Firmly Believes Debt Ceiling Deal Will Be Reached
Crypto Market News: Top Republican leader Kevin McCarthy on Wednesday said he was optimistic about getting a deal despite the fact that there is a long way to go before reaching consensus to commit to a deal on raising the debt ceiling. He addressed the concerns around the status of deal talks amid market uncertainty before the June 1, 2023 deadline, during a press conference. Importantly, he said there could be progress made later today, in the context of a halt in deal talks since his Monday meeting with US President Joe Biden.
Also Read: Bitcoin (BTC) Price Breaking Under Crucial Support Levels, $23,000 Coming?
The U.S. Markets continue to feel the heat from the delay in debt ceiling deal talks since Monday, as the S&P 500 Index, Dow Jones and Nasdaq continue to trade in the red. Similarly, Bitcoin price appears to be in bearish waters until some clarity on deal status is reached.
Kevin McCarthy: No Debt Default
Speaking at a press conference, the top Republican said he doesn’t think there will be a defaultm and that he firmly believes the leaders will be able to get a deal. However, he said both sides are still far apart on debt talks but can get to saying yes for a deal.
“There are still differences over spending. I am sending our negotiators down to the White House to try and finish up the talks.”
Also Read: Morgan Stanley Warned Off Ponzi Crypto Project “DF Fintoch” On The Run With $31 Million
- Just In: 21Shares Applies for 2x HYPE ETF to Double Exposure to Hyperliquid
- BREAKING: Ripple Plans a New $1 Billion XRP Treasury – Bloomberg
- Gold vs Bitcoin – Peter Schiff Declares BTC Has Failed as Digital Gold, CZ Reacts
- Why Is Crypto Market Down Despite Trump’s Non-Tariff Announcement
- Trump Tariffs: China Ready To Work With U.S. as Trade Tensions Spark Crypto Market Crash
- Ethereum Price Prediction: Analyst Identifies MACD Bearish Pattern Despite $417M BitMine Buy
- Analyst Predicts XRP Price Crash to $2 as Open Interest Falls, Death Cross Nears
- Dogecoin Price Eyes $0.40 Rally as Thumzup Integration Boosts Utility
- Pi Coin Price Gears for Recovery as DEX and AMM Launch Revives Utility Hopes
- Cardano Price Teeters as Whales Exit and Bearish Signal Emerges
- Sui Price Targets $9.5 as Figure Brings SEC-Approved Yield Token YLDS to Sui
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
