The White House and senior Democratic lawmakers rebuked House Speaker Kevin McCarthy (R-CA) after his speech about the debt ceiling and efforts from House Republicans to curb spending.
The debt ceiling, a policy established by Congress that prevents the federal government from spending beyond the predetermined national debt limit of $31.4 trillion, surpassed the threshold earlier this year. Treasury Secretary Janet Yellen warned lawmakers that she was forced to implement “extraordinary measures” to fund federal agencies until early June, after which the government will default on obligations unless lawmakers suspend or raise the debt limit.
McCarthy said in remarks delivered on Monday morning that House Republicans would vote “in the coming weeks” on a bill to lift the debt ceiling into next year. He repeatedly asserted that President Joe Biden has been unwilling to negotiate on possible debt limit and spending deals after the two officials met in early February.
“The longer…
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