WASHINGTON ― President Joe Biden Tuesday repeated his warning to House Speaker Kevin McCarthy and his fellow Republicans to stop threatening a global recession to get their way on spending cuts.
“He threatened to become the first speaker to default on our national debt, which took over 230 years to accumulate,” Biden said, referring to McCarthy’s speech to a Wall Street audience Monday.
“He threatened to be the first one to default on the debt, which would throw us in a gigantic recession and beyond unless he gets what he wants,” Biden said and then tied McCarthy to the “Make America Great Again” wing of the party, loyal to coup-attempting former President Donald Trump. “You’ve got to ask yourself, what are MAGA Republicans in Congress doing? Because this is not your father’s Republican Party, it’s a different deal.
On Tuesday, McCarthy told the New York Stock Exchange that Biden’s refusal to negotiate over proposed spending cuts is making a debt default more…
