<description>&lt;p&gt;The debt ceiling hangs over federal employees as an unprecedented default could come as soon &lt;a href= "https://www.govexec.com/management/2023/05/potential-furloughs-biden-and-mccarthy-productive-debt-talks/386446/" data-cke-saved-href= "https://www.govexec.com/management/2023/05/potential-furloughs-biden-and-mccarthy-productive-debt-talks/386446/"&gt; as the first week in June&lt;/a&gt;. Negotiations remain ongoing as President Joe Biden attends the G7 summit in Japan this week, but Speaker Kevin McCarthy said that the two sides are still far apart. Still, both sides remain optimistic that a deal will be struck before a default.&lt;/p&gt; &lt;p&gt;GovExec reporter Eric Katz joined the podcast to talk about the debt ceiling negotiations and how they continue to affect federal employees.&lt;/p&gt; &lt;div class= "product-hero-desc product-hero-desc--spacer-bottom-large"&gt; &lt;section class= "section section--no-padding-bottom product-hero-desc__section"&gt; &lt;p dir="ltr" data-test-bidi=""&gt;***&lt;/p&gt; &lt;p dir="ltr" data-test-bidi=""&gt;Follow GovExec on LinkedIn:&lt;/p&gt; &lt;p dir="ltr" data-test-bidi=""&gt; https://www.linkedin.com/company/government-executive&lt;/p&gt; &lt;/section&gt; &lt;/div&gt;</description>

GovExec Daily

GovExec

Deadlines, Default and the Debt Ceiling Negotiations

MAY 19, 202323 MIN
GovExec Daily

Deadlines, Default and the Debt Ceiling Negotiations

MAY 19, 202323 MIN

Description

The debt ceiling hangs over federal employees as an unprecedented default could come as soon as the first week in June. Negotiations remain ongoing as President Joe Biden attends the G7 summit in Japan this week, but Speaker Kevin McCarthy said that the two sides are still far apart. Still, both sides remain optimistic that a deal will be struck before a default.

GovExec reporter Eric Katz joined the podcast to talk about the debt ceiling negotiations and how they continue to affect federal employees.

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