Treasury Secretary Janet Yellen has warned that it is now "highly likely” her department will run out of sufficient cash in early June and that default could come as soon as June 1.
The president signaled over the weekend that he remains confident the U.S. government can avoid a catastrophic default.
The delay likely signals that staff-level talks on energy permitting reform and government spending have yielded progress.
The new House leader can’t afford to lose even five Republican votes if all Democrats are present and voting against him, limiting his ability to deliver results from the start.
Establishment Republicans were horrified, while Democrats snickered and comedian Jon Stewart called it the best season of C-SPAN ever.
The stalemate has left House Republicans fractured after they reclaimed the majority in the November election and has stopped all other business in the chamber.
It was the first time in a century that the House hasn’t elected a speaker, the top position in Congress, after one round of balloting.
GOP lawmakers have been setting the groundwork for wide-ranging investigations that, at least in part, will serve as payback for probes of Donald Trump.
Pelosi, 82, is leaving the post as Republicans are set to take control of the House in January after winning the majority in the midterm election.
The committee, in a unanimous vote on Thursday, agreed to demand documents and testimony from the former U.S. president about his role in the attack on the Capitol.
