GOP lawmaker suggests flexibility on debt default deadline.
Republican Rep. Brian Fitzpatrick believes there is "wiggle room" in the proposed June 1 deadline to raise the debt ceiling and prevent default. He stated that a technical default would mean that the US doesn't have enough cash flow to pay the interest on its debt, but they do have enough cash flow to do that. Fitzpatrick thinks that lawmakers should "assume" that the default deadline is June 1, but the math tells us that there is a little bit of wiggle room. Negotiations between President Biden and Republicans broke down on Friday but then quickly resumed.