Debt Ceiling Deal “Doable” as Deadline Looms

Washington, D.C., USA: House Speaker Kevin McCarthy signaled optimism about reaching a deal to raise the U.S. debt ceiling by Sunday. Negotiations aim to prevent a default that could hit as early as June, potentially shaking financial markets and consumer confidence. Both parties remain at odds over tying spending cuts to the debt limit, but conversations around repurposing unused funds and limiting future spending growth are emerging. Markets reacted positively to McCarthy’s upbeat tone.