President Biden may have been hoping veteran Senate Republican Leader Mitch McConnell would help pressure the House GOP to back away from demands for spending cuts in exchange for lifting the nation's borrowing limit. But Mr. McConnell has signaled his...
Mr. McConnell, the minority leader from Kentucky, has added his name to a GOP letter sent to Majority Leader Chuck Schumer that warns Senate Republicans are “united behind the House Republican Conference in support of spending cuts and structural budget reform as a starting point for negotiations on the debt ceiling.”A Republican source confirmed to The Washington Times that Mr. McConnell added his name to the letter, significantly bolstering its importance.
President Biden is scheduled to meet Monday with House Speaker Kevin McCarthy to discuss the debt limit and Mr. McConnell, who initially planned to stay out of the talks, was invited to the meeting as well and plans to attend. Mr. Biden, Mr. McConnell said, must strike a deal with Mr. McCarthy in order pass a bill in both chambers. While Democrats control the Senate, most legislation, including a debt ceiling bill, requires the support of at least 9 Republicans to advance if every Democrat is voting.
Mr. Biden will sit down with Congressional leaders days after Treasury Secretary Janet Yellen warned the federal government would run out of money to pay the nation’s bills as early as June 1 unless Congress acts to raise the borrowing limit.
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