The Biden administration seems more interested in letting a debt default occur than coming to an agreement with Republicans to extend the limit, Speaker Kevin McCarthy has claimed.
House Speaker Kevin McCarthy has expressed frustration regarding recent bipartisan efforts to once again raise the U.S. debt ceiling, arguing that the Joe Biden administration appears to be more interested in just letting a debt default happen rather than agreeing some spending cuts to come to a deal with House Republicans.
A failure to raise the debt limit — a legal limit on how much money the United States can borrow — would eventually lead to a government shutdown, in turn likely leading to delays in paychecks for those working in government agencies, as well as a delay in payments to social services recipients and Medicare providers.
Despite that, the two sides have struggled to come to a deal that will solve the crisis, with both Democrats and Republicans jointly calling off a meeting…