The U.S. government is hitting its statutory debt limit on Thursday, requiring the Treasury Dept. to begin resorting to 'extraordinary measures' to pay the bills.
on Thursday, requiring the Treasury Department to begin resorting to"extraordinary measures" to pay the bills.
"Let’s change our behavior now. Let’s sit down. He’s the president. We’re the majority in the House. The Democrats are the majority in the Senate. And that’s exactly the way the founders designed Congress to work, find the compromise and find the commonsense compromise that puts us back onto a balanced budget," McCarthy told reporters Tuesday on Capitol Hill.
But the White House has made clear what President Joe Biden's offer to lift the debt ceiling is: nothing. McCarthy hasn't specified a list of demands to attach to a debt limit hike. He would need a majority of the House to pass such a measure and put pressure on the Senate and White House to negotiate.
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