Author Topic: McCarthy tries to get out of his box on debt ceiling  (Read 77 times)

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McCarthy tries to get out of his box on debt ceiling
« on: January 20, 2023, 02:45:44 pm »
 McCarthy tries to get out of his box on debt ceiling
by Aris Folley - 01/20/23 6:00 AM ET

House Speaker Kevin McCarthy (R-Calif.) is pressing for Democrats to come to the bargaining table and begin negotiations to address the nation’s debt limit, as he faces pressures within his party to make good on significant fiscal reform. 

McCarthy called on the White House to start discussions this week. But as both sides gear up for the fight over the country’s borrowing limit, the GOP leader is getting the cold shoulder from Democrats, who have characterized ideas floated on the other side as nonstarters.

“Republicans are creating a crisis that need not exist,” Rep. Brendan Boyle (Pa.), top Democrat on the House Budget Committee, said on Thursday, while decrying what he called “political games.”

The impasse has heightened public concern in recent days, particularly as the Treasury Department has begun what it calls “extraordinary measures” to keep the U.S. government from defaulting on its debt.

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