McCarthy tells Biden he will not accept clean debt ceiling bill
President Biden met with newly-installed Speaker of the House Rep. Kevin McCarthy today to discuss raising the debt ceiling. The US reached the statutory debt limit last month and now stands just months away from a catastrophic first ever default.
McCarthy is insisting that the GOP-majority House will not pass a clean debt ceiling bill. What does a ‘clean’ bill mean? In recent years Congress has approved legislation with the sole purpose of raising the debt ceiling, with no other bipartisan issues brought into the agreement. This time, however, McCarthy wants guarantees of future spending cuts to be included in the legislation.
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