Rhetoric Over US Debt Limit Boils Over As Republicans, Democrats Joust – By Doina Chiacu and Richard Cowan (IB Times) / Mar 24 2023
Partisan sniping over raising U.S. borrowing authority ratcheted up on Friday when House of Representatives Speaker Kevin McCarthy accused President Joe Biden of ignoring the issue, even as Republicans have failed to detail budget cuts they want before allowing a debt limit increase.
At a news conference in the U.S. Capitol, the Republican speaker attacked the Democratic president for not holding negotiating sessions with him since an initial meeting early last month.
“Unfortunately the president doesn’t think it’s important,” McCarthy said when asked about how talks on the debt ceiling were going.
The government faces a historic default on its debts without legislation to raise the $31.4 trillion debt limit.
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