House Speaker Kevin McCarthy (R-Calif.) said Saturday that Congress will meet the deadline to raise the debt ceiling, acknowledging that no deal has been made but vowing an agreement will be reached in time to prevent a government default. Treasury Secretary Janet Yellen raised the stakes in the marathon negotiations on Friday, when she provided the first hard deadline for when the government will be unable to pay down all of its obligations: June 5. Asked if Congress can meet that deadline, McCarthy didn’t hesitate. “Yes,” he said shortly after arriving at the Capitol Saturday morning for another round of talks. The Speaker declined to name the barriers that remain as he a
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