White House Press Secretary Karine Jean-Pierre will hold a press conference Wednesday afternoon amid a political impasse over raising the nation’s debt ceiling.
The briefing is scheduled to begin at 2:15 PM ET. Watch the event live in the player above.
I WILL SEE: How the US national debt reached $31.4 trillion
Earlier Wednesday, House Speaker Kevin McCarthy said he was sending Republican negotiators to the White House to continue talks. But Republicans and Democrats are “still far apart,” McCarthy warned.
The United States could pay off its debts as early as June 1, Treasury Secretary Janet Yellen said again on Monday. Both McCarthy and President Joe Biden have tried to reassure the public that the nation will not run out of cash.
READ MORE: How a debt default can affect you
But even the negotiations have taken their toll.
“Even before a deal, when one happens, there can be significant difficulty in the financial markets, we’re just seeing the beginnings of that,” Yellen said Wednesday at a Wall Street Journal event.
The story is developing and will be updated.
