Biden under pressure as McCarthy, McConnell align on spending reforms tied to debt limit increase

Wednesday, May 10, 2023 | Tag Cloud Tags: ,

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(Worthy News) – President Biden is under pressure to negotiate with congressional Republicans over the debt limit as House Speaker Kevin McCarthy and Senate Republican Leader Mitch McConnell align on spending reforms in exchange for a debt limit increase.

The White House initially said Biden was not going to negotiate with the GOP on the debt limit. Biden was pushing for a clean increase to the debt limit without strings attached.

Since taking the speaker’s gavel, McCarthy has been advocating for spending reductions to be connected to a debt limit increase. The House GOP passed a bill in late April that included reforms to domestic spending tied to a $1.5 trillion increase to the debt limit. [ Source: Just the News (Read More…) ]

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