Biden will threaten Social Security and Medicare and 'bumble into the first default in our nation's history' if he doesn't negotiate raising the debt ceiling with Republicans, Kevin McCarthy says
at the New York Stock Exchange, McCarthy hammered in on his desire to meet with President Joe Biden to negotiate a deal to raise the debt ceiling. While the speaker met with Biden in February on the issue, Biden has remained adamant since then that he will not use raising the debt ceiling — and avoiding a catastrophic default on the nation's debt — as a bargaining chip.
"The longer President Biden waits to be sensible to find an agreement, the more likely it becomes that this administration will bumble into the first default in our nation's history," McCarthy said. The Biden administration has maintained that it wants a clean debt limit raise, with no addendums or further cuts attached to the package. Treasury Secretary Janet Yellen
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