House Speaker Kevin McCarthy accused President Biden of being “completely missing in action' on the debt limit negotiations and urged him to work with Republicans on an answer.
Fox News senior congressional correspondent Chad Pergram has more on the fiscal trajectory as the Congressional Budget Office warns the country could default sometime between July and September on 'Special Report.'debt limit negotiations,
But on Tuesday, McCarthy wrote a letter to the president reminding him of the meeting and claiming that he has dropped the ball on negotiations. "[W]ith each passing day, I am incredibly concerned you are putting an already fragile economy in jeopardy by insisting upon your extreme position of refusing to negotiate any meaningful changes to out-of-control government spending alongside an increase of the debt limit," McCarthy wrote.
McCarthy said House Republicans are"united" in their view that the best way to reduce the national debt is to"limit spending, save taxpayer money and grow the economy."McCarthy said he is prepared to sit down with the president to discuss"a variety fo means to do so that would achieve trillions of dollars in savings and economy growth — some of which you even agreed to during the Biden Debt Limit talks of 2011.
"Taken together, such policies would help address the number one issue facing Americans today: stubbornly high inflation brought on by reckless government spending," he said. The White House has repeatedly claimed that House Republicans, under McCarthy’s leadership, would demand cuts for social programs like Social Security and Medicare. But the speaker has repeatedly denied those claims.projected that the government can pay its bills through early June without needing an increase in the government's borrowing limit.
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