JUST IN: The White House rejected SpeakerMcCarthy's entreaties for President Joe Biden to meet with him to discuss raising the debt ceiling before the country defaults on its loans this summer.
Members of Congress have a constitutional obligation to lift the debt limit"as they did three times in the previous administration without conditions," according to press secretary Karine Jean-Pierre.
Jean-Pierre reiterated Biden is interested in"a separate conversation about our nation’s fiscal future" but wants to see a budget from McCarthy "and his extreme MAGA caucus" first. "All we’ve heard from them is a list of devastating cuts to law enforcement and border security and proposals to take health care away from Americans and raise health care and child care costs," she added."All to pay for their tax giveaway to the super-wealthy and corporations. In fact, their proposals don’t reduce the deficit at all.
"Mr. President: I'm incredibly concerned you are putting an already fragile economy in jeopardy by insisting upon your extreme position on the debt limit," McCarthy tweeted."It’s time to drop partisanship, roll up our sleeves, & find common ground on this urgent challenge."I'm incredibly concerned you are putting an already fragile economy in jeopardy by insisting upon your extreme position on the debt limit.
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