CNN
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President Joe Biden and House Speaker Kevin McCarthy will meet Wednesday, a White House official confirmed, the first such gathering since the California Republican captured the speakership earlier this month.
The meeting comes as the Treasury Department continues to take extraordinary measures to keep the government paying its bills after the US hit the debt ceiling set by Congress.
“I want to find a reasonable and a responsible way that we can lift the debt ceiling but take control of this runaway spending,” McCarthy said Sunday on “Face the Nation” on CBS.
“So I want to sit down together, work out an agreement that we can move forward to put us on a path to balance at the same time, not put any of our debt in jeopardy at the same time,” he said.
Hard-line Republicans, who hold significant sway in the House because of their party’s slim…
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