Speaker McCarthy claims he thinks the U.S. won’t default as financial debt talks inch forward

US House Speaker Kevin McCarthy (R-CA) speaks to members of the media adhering to a assembly with US President Joe Biden at the White Property in Washington, DC, on May perhaps 16, 2023.

Mandel Ngan | AFP | Getty Pictures

WASHINGTON — House Speaker Kevin McCarthy advised CNBC in an interview he does not assume the U.S. will default on its credit card debt as tense negotiations around the financial debt ceiling go on.

“I believe at the conclude of the working day we do not have a debt default,” McCarthy informed CNBC’s “Squawk Box” Wednesday early morning.

This tale is developing. You should examine back for updates.

Resource

Politics

Supreme Court temporarily lifts mail ban on abortion pill mifepristone

May 4, 2026

In this photo illustration, A packet of Mifepristone is seen at Wyoming’s last abortion clinic, Wellspring Center March 10, 2025 in Casper, Wyoming. Natalie Behring | Getty Images The U.S. Supreme Court on Monday temporarily lifted a lower court’s ban on the abortion pill mifepristone being sent through the mail. The administrative stay of the […]

Politics

UAE says it intercepted Iranian missiles for first time since ceasefire began

May 4, 2026

Women stand looking at the Dubai skyline, with the Burj Khalifa, the world’s tallest building, seen from Creek Harbour on April 3, 2026. Fadel Senna | AFP | Getty Images The United Arab Emirates said Monday it successfully intercepted multiple missiles fired from Iran. The reported attack is the first time that the UAE has […]

Politics

U.S. military denies Iran’s claim it struck U.S. warship in Strait of Hormuz

May 4, 2026

U.S. Marines from the 31st Marine Expeditionary Unit board M/V Blue Star III, a commercial ship suspected of attempting to transit to Iran in violation of the U.S. blockade of Iranian ports, April 28, 2026. U.S. forces released the vessel after conducting a search and confirming the ship’s voyage would not include an Iranian port […]