House Speaker Kevin McCarthy (R-Calif.) on Tuesday demanded a meeting with President Biden to discuss the nation’s debt limit — a move that the White House and Democrats suggested was premature.
In a letter, McCarthy sought to pin blame on Biden for the continuing standoff, saying he was putting the president “on the clock” to find a meeting time so the two could discuss spending cuts that Republicans want in exchange for their support of legislation to raise the debt ceiling.
Congress must raise or suspend the current $31 trillion cap as soon as this summer or risk a default, an unprecedented crisis that could rattle markets globally while triggering a potential recession in the United States. The White House is asking lawmakers to pass a clean bill raising the debt limit. Republicans did that three times during the presidency of Donald Trump.“Congress has a constitutional obligation to address the debt limit — as they did three times in the previous administration without conditions,” White House press secretary Karine Jean-Pierre said in a statement. “It’s time for Republicans to stop playing games, pass a clean debt ceiling bill, and quit threatening our economic recovery.
In the letter, McCarthy suggested that Biden is the one responsible for bringing the country to the brink of default.
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