Biden under pressure as McCarthy, McConnell align on spending reforms tied to debt limit increase
Wednesday, May 10, 2023 | Tag Cloud Tags: debt, DebtCeiling | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs!
(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…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.