At a press conference on Tuesday, Senate Minority Leader Mitch McConnell, R-Ky., made it clear that any agreement to raise the debt ceiling will have to be hashed out between the White House and House Republicans, led by Speaker Kevin McCarthy
PUBLISHED 9:53 AM EST Jan. 25, 2023.
President Joe Biden and Speaker McCarthy have agreed to meet to discuss the debt ceiling, but a date for that meeting has not yet been set The Biden administration has thus far refused to negotiate policy concessions in an effort to raise the country’s borrowing authority. West Virginia Sen. Joe Manchin, a moderate Democrat with a solid track record of finding bipartisan compromise, met with McCarthy on Wednesday and told reporters that the California Republican told him House Republicans will not cut Social Security and Medicare. Manchin also told reporters that he hopes Biden negotiates with McCarthy.
McConnell encouraged McCarthy to push for spending cuts. During his press conference, the Kentucky Republican recalled the Budget Control Act, which came out of the 2011 debt ceiling standoff, which he said “actually worked” to slash federal spending.
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