‘Going to be a knife fight’: House GOP fighting Biden administration on raising debt ceiling

House Republicans, led by House Speaker Kevin McCarthy, are holding fast to their commitment to cut spending before they will raise the federal debt limit.

On Friday, in a

to McCarthy, Treasury Secretary Janet Yellen warned Congress not to block the raising of the federal debt limit, claiming that increasing the debt limit “does not authorize new spending commitments or cost taxpayers money.”

But on Sunday, the chairman of the House Oversight and Accountability Committee, Republican James Comer of Kentucky, stated on CNN’s State of the Union, “We hope that the Senate, Democrats and Republicans will agree to spending cuts. Look, this has to stop.”

“We cannot continue to operate with these types of deficits,” he continued. “Our national debt is one of our biggest threats to our national security. China continues to have leverage over us because of the basic financial strength of their overall economy vs. ours with respect to the national debt.”

“Republicans…

The Daily Wire