WATCH LIVE: Kevin McCarthy delivers update on debt ceiling negotiations

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Kevin McCarthy, Patrick McHenry
Speaker of the House Kevin McCarthy, R-Calif., talks to reporters outside his office following his discussions at the White House with President Joe Biden on the impasse over the government’s debt ceiling, at the Capitol in Washington, Monday evening, May 22, 2023. He is joined by Rep. Patrick McHenry, R-N.C., right, a key ally in the negotiations and chairman of the House Financial Services Committee. (AP Photo/J. Scott Applewhite) J. Scott Applewhite/AP

WATCH LIVE: Kevin McCarthy delivers update on debt ceiling negotiations

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House Speaker Kevin McCarthy (R-CA) is giving remarks on the latest developments in the debt ceiling negotiations between congressional leaders and the White House.

McCarthy is expected to begin speaking at 11:45 a.m. This week looks to be critical, with the June 1 “X-date” rapidly approaching.

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The negotiations still have various sticking points to be worked out, per reports, as both sides continue to make clear their “red lines” for spending cuts.

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