Top U.S. House Republican McCarthy wants compromise on debt ceiling, cuts from Biden

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Top U.S. House Republican McCarthy wants compromise on debt ceiling, cuts from Biden
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Republican U.S. House Speaker Kevin McCarthy called on Democratic President Joe Biden to agree to compromises and spending cuts, as the two remain deadlocked over raising the nation's $31.4 trillion debt ceiling.

"We must commit to finding common ground on a responsible debt limit increase. Finding compromise is exactly how governing in America is supposed to work, and exactly what the American people voted for just three months ago," McCarthy said.

House Republicans want to use the debt ceiling, which covers the spending programs and tax cuts Congress previously approved, as leverage to push spending cuts, after two years of Democratic control of the House and the Senate. Biden seemed to question McCarthy's ability to keep Republicans in line last week, calling McCarthy "a decent man, I think," but noting thehe made to become speaker in January. Those included changing a rule of the chamber to allow any member to call for a vote that would remove him, rather than requiring a majority from either party.

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