President Biden and Democratic leaders are standing firm in their insistence that Congress pass a stand-alone bill to raise the debt limit.
Biden plans to travel Wednesday to a union facility in Maryland to highlight what the White House characterized as “extreme” spending cuts expected in the emerging Republican legislation. The GOP bill could also include a repeal of the Inflation Reduction Act, a signature accomplishment last year of the Democratic-led Congress that lowers prescription drug costs and addresses climate change, among many provisions.
McCarthy, meanwhile, is hoping that passing a bill in the House will force Biden to the negotiating table, regardless of its prospects in the Senate.
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