Speaker of the US House of Representatives: Debt ceiling negotiations will reach a resolution, and there will be no default situation.

BlockBeats reported on May 25th that according to a news conference held by Kevin McCarthy, Speaker of the United States House of Representatives, regarding the latest news on debt ceiling negotiations. McCarthy stated that while there are still differences between the two sides on certain issues, negotiators have gone to the White House in an attempt to complete the negotiations. McCarthy believes that he has the ability to make progress on the US debt ceiling issue and that the negotiations will result in an agreement without defaulting on the debt, and that the US will not solve the debt ceiling problem by raising taxes. Additionally, McCarthy reiterated his stance that the US government should control spending at levels below those of the previous year in the next fiscal year.