Debt ceiling negotiations remain contentious in Senate.

1 min read
Source: POLITICO
Debt ceiling negotiations remain contentious in Senate.
Photo: POLITICO
TL;DR Summary

Senate Republicans are standing firm on the debt bill passed by the House, with 43 Republicans signing a letter supporting "spending cuts and structural budget reform as a starting point for negotiations on the debt ceiling." This gives House Speaker Kevin McCarthy leverage in his meeting with President Joe Biden on Tuesday. Democrats have a slim majority in the Senate but not enough to prevent a Republican filibuster on legislation. The federal government is expected to bump up against the debt ceiling at the start of June.

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