The White House says President Joe Biden 'looks forward' to sitting down with new House Speaker Kevin McCarthy to discuss a range of topics. That perhaps includes the big challenge of raising the nation's debt limit.
"looks forward" to sitting down with new House Speaker Kevin McCarthy to discuss a range of topics, including perhaps the thorniest challenge confronting Washington this year: raising the nation's debt limit.
Rather, the White House again emphasized that Biden is not willing to entertain policy concessions in exchange for lifting the debt limit, which is the nation's borrowing authority. The U.S. bumped up against that limit Thursday, and the Treasury Department has deployed "extraordinary measures" to stave off a potential default for at least a few more months.
The top two Democrats in Congress, Senate Majority Leader Chuck Schumer and House Minority Leader Hakeem Jeffries, both of New York, will meet with Biden on Tuesday, the White House said. "President Biden: I accept your invitation to sit down and discuss a responsible debt ceiling increase to address irresponsible government spending," McCarthy said on Twitter earlier Friday, after Jean-Pierre said at a briefing that she had no date to share about a meeting between Biden and the speaker.
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