U.S. House Speaker Kevin McCarthy said that he confronted President Joe Biden about a lack of negotiations on the $31.4 trillion U.S. debt ceiling last week and told the president he is putting the economy at risk
McCarthy, the top Republican in the House of Representatives, first met with Biden on Feb. 1. But a standoff has since ensued between Republicans who want to use the debt ceiling to exact spending cuts from the White House, and Biden, who wants the debt ceiling raised without strings attached.
"I sat down with him and said, you said we'd meet again. Every day that passes, you put the economy in jeopardy," he said.Biden has called on McCarthy and House Republicans to produce a fiscal 2024 budget before negotiating on spending. The president released his ownHouse Republicans are now working on their own budget, which is expected to call for deep cuts in discretionary nondefense spending.
The California Republican said he urged Biden to consider work requirements for social programs, border security and federal permitting reform for energy, as well as reduced spending.
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