Debt ceiling dispute divides Biden and McCarthy
TL;DR Summary
President Biden criticized Speaker Kevin McCarthy's plan for raising the debt ceiling and capping federal spending during his Wall Street speech, calling out the lack of mention of wealthy individuals paying their fair share in taxes. Negotiations between the White House and House Republicans over how to act on the debt limit are at a standstill, with Democrats pushing for a clean bill to raise the debt ceiling and Republicans seeing it as a leverage point to secure concessions from Democrats to curb spending. McCarthy's plan to lift the debt ceiling into 2024 and limit federal spending has yet to gain enough support within his own party.
- Biden dings McCarthy for Wall Street speech: ‘What are MAGA Republicans in Congress doing?’ The Hill
- Kevin McCarthy at odds with debt ceiling plan 23 ABC News | KERO
- The House GOP debt ceiling scramble The Washington Post
- Opinion | A Few Ways Out of the Debt Ceiling Mess The New York Times
- Speaker Kevin McCarthy Heads Down Wrong Path on Debt Limit Bloomberg
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