House Speaker Kevin McCarthy, R-Calif., told reporters he was confident the U.S. would not default, but suggested the blame would be on President Biden if it did.
Anita Dunn, a veteran Democratic operative and one of President Joe Biden’s closest advisers, struck a conciliatory note in front of an audience of Wall Street financiers on Thursday.
The leadership of President Biden and House Speaker Kevin McCarthy will be put to the test Tuesday, with both men under intense pressure not to back down from the debt-limit standoff that threatens a U.S. default on financial obligations as early as June 1.