President Biden has called House Speaker Kevin McCarthy to discuss raising the nation’s borrowing limit as the Treasury Department indicates that the US could default on its debt earlier than…
as the Treasury Department indicates that the US could default on its debt earlier than expected.
“Given the current projections, it is imperative that Congress act as soon as possible to increase or suspend the debt limit in a way that provides longer-term certainty that the government will continue to make its payments,” she added. Photo by Chip Somodevilla/Getty Images“We agreed to continue the conversation,” McCarthy told reporters after the meeting.
Biden and Senate Democrats have demanded that a bill to raise the debt ceiling be passed with no strings — such as spending cuts — attached. that he would be “happy to meet with McCarthy, but not on whether or not the debt limit gets extended.”
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