https://sputnikglobe.com/20230509/mccarthy-rejects-debt-ceiling-extension-ahead-of-meeting-with-biden---reports-1110222817.html
McCarthy Rejects Debt Ceiling Extension Ahead of Meeting With Biden - Reports
McCarthy Rejects Debt Ceiling Extension Ahead of Meeting With Biden - Reports
Sputnik International
US House Speaker Kevin McCarthy said that he will not support the extension of the national debt ceiling through September 30 ahead of his meeting with President Joe Biden
2023-05-09T18:01+0000
2023-05-09T18:01+0000
2023-05-09T18:01+0000
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McCarthy said he will not allow the debt ceiling to be increased without changes in public spending and wants to do it now rather than wait until the end of the fiscal year, the report said.The House speaker said it took Biden 97 days to come back to the discussion on the issue of the national debt ceiling that began on February 1.Biden is expected to meet with McCarthy, House Minority Leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell later on Tuesday to discuss the raising of the US debt ceiling.Earlier in May, the Treasury Department said the US government will likely begin defaulting on its debt by June 1 if the congressional limit on the country's debt servicing is not raised by then.In late April, House Republicans passed legislation to raise the debt ceiling in exchange for cuts in federal spending and other measures to reduce the deficit. However, Senate Democrats and Biden rejected the proposal, saying it had no chance of becoming law. Inversely, McCarthy said that a "no-strings-attached" debt limit increase would not pass the lower chamber of Congress.
https://sputnikglobe.com/20230509/us-federal-deficit-hits-almost-1-trln-as-biden-braces-for-crunch-debt-ceiling-talks---1110211341.html
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mccarthy rejects debt ceiling extension, when debt ceiling expires, debt ceiling expiration date, debt ceiling crisis, us debt ceiling talks, what is debt ceiling
McCarthy Rejects Debt Ceiling Extension Ahead of Meeting With Biden - Reports
WASHINGTON (Sputnik) - US House Speaker Kevin McCarthy said that he will not support the extension of the national debt ceiling through September 30 ahead of his meeting with President Joe Biden in the afternoon, American press reported on Tuesday.
McCarthy said he will not allow
the debt ceiling to be increased without changes in public spending and wants to do it now rather than wait until the end of the fiscal year, the report said.
The House speaker said it took Biden 97 days to come back to the discussion on the issue of the national debt ceiling that began on February 1.
Biden is expected to meet with McCarthy, House Minority Leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Senate Minority Leader Mitch McConnell later on Tuesday to discuss the raising of the US debt ceiling.
Earlier in May, the Treasury Department said the US government will likely begin defaulting on its debt by June 1 if the congressional limit on the country's debt servicing is not raised by then.
In late April, House Republicans passed legislation
to raise the debt ceiling in exchange for cuts in federal spending and other measures to reduce the deficit. However, Senate Democrats and Biden rejected the proposal, saying it had no chance of becoming law. Inversely, McCarthy said that a "no-strings-attached" debt limit increase would not pass the lower chamber of Congress.
