Debt ceiling negotiations cause political tension and frustration.

1 min read
Source: Fox Business
Debt ceiling negotiations cause political tension and frustration.
Photo: Fox Business
TL;DR Summary

Rep. Alexandria Ocasio-Cortez has criticized the idea of Democrats negotiating with Republicans on the debt ceiling, likening it to "trying to nail jello to a tree." House Speaker Kevin McCarthy has introduced the Limit, Save, Grow Act of 2023, which would cut federal spending and lift the debt ceiling, but would need bipartisan support to pass. Democrats have expressed little interest in agreeing to spending cuts to raise the debt limit, while Republicans will need to negotiate with the White House to pass the bill.

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