Coverage dated January 16, 2023 to January 23, 2023
McConnell Says It’s McCarthy’s Job To Reach Debt Ceiling Deal
Headline from Forbes, on the newest of 4 developments
McConnell told reporters he does not plan to take an active role in debt ceiling talks since he “can’t imagine any kind of debt ceiling measure” will come out of the Democratic-controlled Senate and then pass the Republican-majority House.
Forbes's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
House Speaker Kevin McCarthy (R-CA) is standing firm in his commitment against raising the debt ceiling without budget cuts as the Treasury Department prepares to start extraordinary measures this week to keep the country from defaulting on its debt.
President Biden is already reaching out to moderate House Republicans to get a deal on raising the debt ceiling, but if the far right doesn't get the standoff that they crave it could be curtains
The White House has said it won't negotiate with Republicans on raising the debt ceiling. The U.S. reached its borrowing limit a day ago, according to the treasury secretary.
The White House had previously signaled it would be unwilling to negotiate, as talks of potential Republican cuts to Social Security and Medicare ramp up.
President Biden and House Speaker Kevin McCarthy have agreed to meet to discuss the debt ceiling, which Treasury Secretary Janet Yellen said was hit on Thursday.
President Joe Biden "looks forward" to meeting with House Speaker Kevin McCarthy to discuss a range of issues but will not negotiate on raising the U.S. debt ceiling, the White House says.
President Biden said he plans to meet with House Speaker Kevin McCarthy to discuss raising the debt ceiling despite his firm demands earlier this week that Congress raise the nation’s borrowing limit “without conditions.”
The White House has repeatedly said it will not negotiate with Republicans on the debt limit, but has agreed to meet with House Speaker Kevin McCarthy (R-Calif.) to discuss the issue.
McConnell told reporters he does not plan to take an active role in debt ceiling talks since he “can’t imagine any kind of debt ceiling measure” will come out of the Democratic-controlled Senate and then pass the Republican-majority House.
It appears Senate Republicans don’t want to touch House Republicans’ plans to hold the debt ceiling hostage with a 10-foot pole. As new House Speaker Kevin McCarthy (R-CA) and the rest of his caucus…
