FINANCE BRIEFING: McCarthy Says Wall Street Should Worry on Debt

Speaker Kevin McCarthy said Wednesday that Wall Street should be concerned about the political impasse over the US debt ceiling as the country inches closer to a possible payment default.

The California Republican, in an interview with Bloomberg TV’s “Balance of Power” said he is “very concerned” about reaching a deal with Democrats on the debt limit. But he remained opposed to increasing the nation’s debt limit without curbing government spending.

“We are never going to move a bill that just raises the debt ceiling,” McCarthy said.

President Joe Biden has opposed the GOP effort to leverage the debt limit ...