Biden, McCarthy to discuss debt limit in talks on Wednesday

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Biden, McCarthy to discuss debt limit in talks on Wednesday
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House Speaker Kevin McCarthy said Sunday he is looking forward to discussing with President Joe Biden a “reasonable and responsible way that we can lift the debt ceiling ” when the two meet Wednesday.

WASHINGTON — House Speaker Kevin McCarthy said Sunday he is looking forward to discussing with President Joe Biden a “reasonable and responsible way that we can lift the debt ceiling ” when the two meet Wednesday for their first sit-down at the White House since McCarthy was elected to the post.

The White House on Sunday confirmed Wednesday’s meeting on “a range of issues.” It said Biden looked forward to “strengthening his working relationship” with McCarthy and to asking about the speaker’s plan on spending, noting that the first House bill passed by Republicans this year to slash IRS funding would ultimately increase the deficit.

Word of the long-awaited White House meeting comes at a time of divided government in Washington with a debt ceiling crisis brewing and House Republicans ready for confrontation. Biden himself has scoffed at the idea of negotiating spending cuts, telling Democratic congressional leaders last week that Republicans were “genuinely serious about cutting Social Security, cutting Medicare.”

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