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.

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