There is No Firm Plan Yet for Feds' Pay in a Debt Ceiling Breach

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 House 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 Senior Correspondent Eric Katz joined the podcast to talk about the debt ceiling negotiations and how they continue to affect federal employees.

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