“So I think it’s entirely reasonable for the new speaker and his team to put spending reduction on the table,” Sen. McConnell says on Speaker McCarthy. “I wish him well in talking to the president. That’s where a solution lies.”
as part of any debt ceiling extension. While McConnell has negotiated past deals with Biden, including when he was vice president, McCarthy has little experience negotiating complicated deals with Democrats. It's not clear what, if anything, can get the votes to pass the House, where Republican control a narrow majority.
“Default would be a catastrophe for American working families. It’s not an abstract issue. It’s going to affect every American family severely and adversely,” Senate Majority Leader Chuck Schumer, D-N.Y., said Tuesday. “And playing brinksmanship, taking hostages is being risky and not caring about average people. If MAGA GOP stops paying our nation’s bills, Americans pay the price.
The White House said last week that Biden would meet with McCarthy, along with other congressional leaders, to discuss a range of subjects. McCarthy made clear he plans to bring up the debt limit.
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