GOP's Debt Ceiling Plan in Limbo as Talks Stall.
TL;DR
With negotiations over avoiding a default on the country's credit limit stalled, House Speaker Kevin McCarthy told reporters Thursday that the GOP-led House may move its own bill. McCarthy said the House could vote on legislation that is modeled on a letter he sent earlier in the week to Biden that proposed lowered spending levels and floated adding several policy proposals to a package to increase the debt ceiling. Democrats have dismissed the GOP's emphasis on federal spending cuts and policy proposals, insisting on a clean extension of the debt limit.
Topics:top-newspolitics#debt-ceiling#joe-biden#kevin-mccarthy#policy-proposals#politics#spending-cuts
- As debt ceiling talks stall, Speaker McCarthy says GOP may move its own bill NPR
- House GOP prepared to move a fallback debt limit plan if White House refuses to negotiate CNN
- The Republican Debt-Ceiling Hostage Scheme Is Collapsing New York Magazine
- Why the debt ceiling fight remains a no-win for Kevin McCarthy MSNBC
- Kevin McCarthy Is Propelling the US Toward Default Bloomberg
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