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Speaker Kevin McCarthy (R-Calif.) released text of the bill to raise the debt limit on Sunday evening as Democratic and Republican leaders work to corral support ahead of this week’s vote. The bill — which spans 99 pages — raises the debt limit for two years, strengthens work requirements on federal public assistance programs and rescinds…
Sen. Ted Cruz (R-Texas) said on Sunday that President Biden’s position on using the 14th Amendment to unilaterally address the debt ceiling, which the president outlined earlier in the day, is “legally frivolous.” “I think Biden’s position on the 14th Amendment is legally frivolous,” Cruz said on “Fox News Sunday.” “That’s a provision that was…
The White House is aiming to arrange a phone call between President Biden and Speaker McCarthy (R-Calif.) to try and get talks over avoiding a default back on track once the president has wrapped up his meetings at the Group of Seven (G-7) Summit in Japan on Sunday. A White House official said in a…
Speaker Kevin McCarthy (R-Calif.) signaled on Saturday that he doesn’t think debt limit negotiations can move forward until President Biden returns to Washington. “Unfortunately, the White House moved backwards,” McCarthy told reporters, as he left the Capitol with Rep. Garret Graves (R-La.) — the lead GOP negotiator, and Rep. Patrick McHenry (R-N.C.). “I don’t think…
The White House on Friday night tempered its optimism about ongoing talks with Republicans on a budget agreement and debt ceiling increase, acknowledging the two sides have “serious differences” heading into the weekend. “We have serious differences and this is going to continue to be a difficult conversation. That’s not lost on us,” press secretary…