Cut Spending or Increase It? Americans Say Yes – By Yuval Rosenberg and Michael Rainey (The Fiscal Times) / Mar 29 2023
Biden Rejects McCarthy’s Debt Limit Meeting Request
It’s been nearly two months since President Joe Biden and House Speaker Kevin McCarthy met in the Oval Office to discuss raising the nation’s debt limit. McCarthy, the California Republican, sent Biden a letter Tuesday pressing for another meeting, writing that the president and his team “have been completely missing in action on any meaningful follow-up to this rapidly approaching deadline.” Biden, McCarthy said, is “on the clock.”
Biden responded in kind yesterday evening, essentially saying that it’s McCarthy who’s on the clock.
In a letter to the speaker, Biden again called on Congress to increase the debt limit without conditions and said that any discussion of the nation’s fiscal outlook should happen after Republicans have released their budget. “My hope is that House Republicans can present the American public with your budget plan before the Congress leaves for the Easter recess so that we can have an in-depth conversation when you return,” Biden wrote. “As I have repeatedly said, that conversation must be separate from prompt action on the Congress’ basic obligation to pay the Nation’s bills and avoid economic catastrophe.”
CONITNUE > https://www.thefiscaltimes.com/newsletter/20230329-Cut-Spending-or-Increase-It-Americans-Say-Yes
