Biden and McCarthy to meet Wednesday as debt limit fight looms | CNN Politics

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Biden and McCarthy to meet Wednesday as debt limit fight looms | CNN Politics
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President Joe Biden and House Speaker Kevin McCarthy are set to meet on Wednesday – the first such gathering since the California Republican won the speakership after Republicans took over the House majority

. The highly anticipated meeting is expected to influence how the fight to raise the national debt limit unfolds as the White House and the new House GOP majority are at odds over how to resolve the critical issue. House Republicans say that lifting the borrowing cap must be tied to spending reductions. The White House, however, has countered that it will not offer concessions or negotiate on raising the debt ceiling.

Part of McCarthy’s efforts will come Wednesday morning when House leaders hold a special conference on the issue of the debt ceiling, an effort to begin to lay the groundwork for members on what is actually achievable in these negotiations. Sources familiar with the planning of that meeting told CNN that the goal is to begin member education and remind the rank-and-file what a reasonable ask will look like in a negotiation when Democrats still control the Senate and the White House.

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