McCarthy challenges Biden on debt ceiling negotiations as House prepares to pass GOP bill.

Speaker Kevin McCarthy criticized President Biden for being "afraid" to negotiate about the budget and debt ceiling, blaming him for the potential default on loans. McCarthy introduced a budget plan to raise the debt ceiling by over $1 trillion but also return federal spending to 2022 levels and cap growth at 1 percent annually. If the U.S. fails to raise the debt ceiling, the country could risk default by June. McCarthy and Biden met in February to discuss the debt ceiling, but have not had a meeting since.