Debt ceiling: Two key issues in focus as McCarthy says sides 'far apart'

Ben Werschkul | Yahoo Finance | May 15th, 2023
Category: Financial News

Debt-ceiling negotiators appear to be making progress on two wonky topics that could be crucial to a final deal even as the House Speaker said the two sides are still far apart.

The glimmers of possible compromise in the weeks ahead are whether the government should require more work from low-income Americans who benefit from social programs and whether to eliminate the red tape required to start new energy development projects.

A note of caution came Monday from Speaker McCarthy who told reporters at the Capitol that “I still think we are far apart” on the overall talks and the other side was "not talking anything serious."

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