House Speaker Kevin McCarthy on Monday reiterated his call for President Joe Biden to negotiate with Republican lawmakers over potential spending cuts in exchange for raising the U.S. debt limit.
McCarthy’s remarks came as Biden is expected to continue asserting in his State of the Union speech on Tuesday night that he won’t negotiate over raising the ceiling for federal borrowing with House Republicans who are demanding cuts.McCarthy also said Washington leaders “must commit to finding common ground on a responsible debt-limit increase.”
Last week, McCarthy said he was optimistic about finding “common ground” with Biden over the U.S. debt ceiling following a White House meeting, but refused to discuss specific budget cuts he is seeking in exchange for raising the borrowing limit.
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