House Speaker Kevin McCarthy said Congress could vote on a measure to raise the debt limit as early as next week, the Financial Times reported Thursday.
“We’re not there, we haven’t agreed to anything yet. But I see the path that we can come to an agreement,” McCarthy told reporters Thursday.
“I think we have a structure now and everybody’s working hard. I mean we’re working two or three times a day, then going back getting more numbers,” he added.
McCarthy’s remarks come as the White House and House Republicans enter into further discussions in hopes of reaching a compromise on the debt ceiling.
Treasury Secretary Janet Yellen sent a letter to congressional leaders on Monday warning that her department could default on its obligations if Congress fails to increase or suspend the borrowing limit as early as June 1.