Speaker McCarthy says House Republicans are prepared to pass their own debt ceiling bill if President Biden won't agree to negotiate with him over raising the nation's borrowing limit.
He said the Republican conference is “very close” to agreement on the issue. “And if the president doesn’t act, we will.”to Biden earlier this week that proposed a borrowing limit extension with provisions to cut and cap discretionary spending, recapturing unspent Covid relief funds, new work requirements for federal benefits and energy and border legislation.over the debt ceiling.
“We need some restraints on spending," he said."And Democrats — the only place they seem to want to restrain spending is in defense. And the only place we want to spend is in defense, and obviously veterans. So, again, two sides have to sit down and craft a deal." Democratic leaders are supporting Biden’s position, saying Congress should pass a “clean” debt limit bill with no strings attached and negotiate spending policy separately on a government funding bill.
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