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

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

Mandel Ngan | AFP | Getty Images

WASHINGTON — House Speaker Kevin McCarthy told CNBC in an interview he does not think the U.S. will default on its debt as tense negotiations over the debt ceiling continue.

“I think at the end of the day we do not have a debt default,” McCarthy told CNBC’s “Squawk Box” Wednesday morning.

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