President Joe Biden agreed to meet House Speaker Kevin McCarthy this week to discuss raising the debt ceiling and avoiding a US default.
| President Joe Biden agreed to meet House Speaker Kevin McCarthy this week to discuss raising the debt ceiling and avoiding a US default as Republicans seek a deal that includes government spending cuts.
Mr Biden will make the case that Mr McCarthy has a constitutional obligation to prevent a national default and will ask whether he intends to meet it, a White House spokesperson said later on Sunday . Mr McCarthy said that while reductions in Social Security and Medicare should be “off the table,” all discretionary spending, including the US defence budget, should be reviewed for waste. The California Republican declined to speculate on the chances of a short-term extension of the federal debt ceiling, a stopgap that House Republican leaders are considering proposing.
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