Senate Republicans Stand Firm Against Debt Ceiling Increase Without Spending Cuts

43 Senate Republicans, except for six, have vowed to oppose raising the debt ceiling without spending cuts and budget reforms. The White House has maintained that it will not negotiate on the matter. A breach of the US debt ceiling risks sparking an economic catastrophe that could wipe out millions of jobs and set America back for generations. Treasury Secretary Janet Yellen said the US could default on its debt as soon as June 1 if Congress doesn’t act. President Joe Biden is set to sit down with congressional leaders on Tuesday to discuss raising the debt ceiling.