As President Biden welcomes Republican House Speaker Kevin McCarthy for a highly anticipated one-on-one meeting Wednesday, the White House is making one thing clear: There will be no negotiations on the debt ceiling.
entertaining spending cuts pushed by House Republicans amid their brinkmanship on raising the amount the U.S. can borrow.
Obama and Biden learned a lesson and made a pledge, according to a White House official: never again negotiate to raise the debt limit. But the White House cites congressional precedent to argue the debt limit should be lifted without conditions.
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