Posted on

McCarthy rejects short-term debt limit fix ahead of pivotal meeting with Biden, congressional leaders



Share

WASHINGTON — President Joe Biden will meet with congressional leaders Tuesday as Washington scrambles to lift the debt ceiling with less than a month before the federal government is set to run out of money.While the stakes are high for the meeting, expectations were low in the hours ahead of the 4 p.m. huddle.House Speaker Kevin McCarthy said he would reject any White House proposal for a three-month debt ceiling deal that would avoid default and give the two sides additional time to negotiate a comprehensive budget and borrowing limit agreement. Government spending runs out at the end of September.”No, no, no. We shouldn’t kick [negotiations] out. Let’s just get this done …

Read More