.POTUS and top White House officials outlined for the first time on Monday a clear-cut path toward raising the debt ceiling but remained adamant that SpeakerMcCarthy and Republicans would bear responsibility should the country default this summer.
The White House has maintained, however, that, even though Biden requested this meeting, Congress must pass a clean debt limit hike before the president will enter into negotiations on federal spending levels.Biden will host McCarthy, House Minority Leader Hakeem Jeffries , Senate Majority Leader Chuck Schumer , and Senate Minority Leader Mitch McConnell at the White House on May 9.
"The updated projection should be a wake-up call to Congress. It is time for the speaker and the MAGA Republicans to stop the brinkmanship and act to prevent default, which would have devastating consequences on our economy and the American people," she continued."It is Congress's constitutional obligation to act, not hold the full faith and credit of the United States hostage unless we allow them to make cuts to programs hardworking Americans rely upon.
"Kevin McCarthy is barely maintaining control over his own conference. There's no way he would risk losing even a shred of that power just to crash the economy," a second official bluntly added. The White House's newest line of attack focuses on possible cuts to veterans' healthcare and benefits programs.
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