Former U.S. Federal Deposit Insurance Corporation chairperson Sheila Bair assesses the current debt situation, telling ‘The Claman Countdown’ government is on an ‘unsustainable’ spending path.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
House Speaker Kevin McCarthy<\/a> said Friday that he will meet with President Biden to discuss increasing the debt ceiling.\u00a0<\/p>\n “President Biden: I accept your invitation to sit down and discuss a responsible debt ceiling increase to address irresponsible government spending,” the newly elected speaker tweeted Friday afternoon. “I look forward to our meeting.”<\/p>\n Biden said earlier Friday during the last day of the\u00a0U.S. Conference of Mayors Winter Meeting at the White House<\/a> that\u00a0he and McCarthy would meet to discuss increasing the debt limit.\u00a0<\/p>\n “We\u2019re going to have a little discussion on that,” Biden said of McCarthy, according to Politico. “If we don\u2019t meet our national debt and renege for the first time, we have a calamity that exceeds anything that\u2019s ever happened financially in the United States.”<\/p>\n HOUSE REPUBLICAN CHIDES DEMOCRATS FOR REFUSING TO NEGOTIATE A \u2018SMART DEBT LIMIT INCREASE: \u2018NO BLANK CHECK\u2019<\/strong><\/a>\u00a0<\/p>\n President Biden and House Speaker Kevin McCarthy will meet about the debt limit.\u00a0<\/span> (\u00a0Chip Somodevilla\/Kent Nishimura \/ Los Angeles Times \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n On Thursday, Treasury Secretary Janet Yellen said the country had reached its debt limit<\/a> and the Treasury Department is now using “extraordinary” measures to avoid “crippling” default. She estimated Congress has until about June to pass an increase.\u00a0<\/p>\n Republicans want to use the debt ceiling to negotiate spending cuts but the White House has said it won\u2019t negotiate.\u00a0<\/p>\n US DEBT CEILING FORCES TREASURY INTO \u2018EXTRAORDINARY MEASURES\u2019<\/strong><\/a><\/p>\n U.S. Treasury Secretary Janet Yellen announced the U.S. had reached its debt limit on Thursday.\u00a0<\/span> (Michael Buholzer\/Keystone via AP \/ AP Newsroom)<\/span><\/p>\n<\/div>\n<\/div>\n No date has been set for the Biden-McCarthy meeting.\u00a0<\/p>\n CLICK HERE TO GET THE FOX NEWS APP<\/strong><\/a><\/p>\n The debt ceiling was suspended three times when former President Trump<\/a> was in office.\u00a0<\/p>\n<\/div>\n\n Former U.S. Federal Deposit Insurance Corporation chairperson Sheila Bair assesses the current debt situation, telling ‘The Claman Countdown’ government is on an ‘unsustainable’ spending path. House Speaker Kevin McCarthy said Friday that he will meet with President Biden to discuss increasing the debt ceiling.\u00a0 “President Biden: I accept your invitation to sit down and discuss …<\/p>\n","protected":false},"author":1,"featured_media":44969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[161],"tags":[],"_links":{"self":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/44968"}],"collection":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/comments?post=44968"}],"version-history":[{"count":0,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/posts\/44968\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media\/44969"}],"wp:attachment":[{"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/media?parent=44968"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/categories?post=44968"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.brandon.ddtest.info\/multisite-test\/wp-json\/wp\/v2\/tags?post=44968"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Split](\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2023\/01\/931\/523\/biden-mccarthy-split.jpg?ve=1&tl=1\")
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