Political and Legislative

McCarthy Seeks “Reasonable” Debt Ceiling Deal in Upcoming Meeting with Biden

House Speaker Kevin McCarthy said Sunday that he wants to reach a “reasonable and responsible” agreement on lifting the debt ceiling, but one that would include cuts to spending and put the United States on the path to a balanced budget.

McCarthy and President Biden are set to meet Wednesday at the White House, the speaker confirmed in an interview with “Face the Nation,” and the two are expected to discuss a range of issues including raising the debt limit and Republicans’ fiscal priorities. 

“I want to find a reasonable and a responsible way that we can lift the debt ceiling but take control of this runaway spending,” McCarthy told “Face the Nation.”

Read the source article at cbsnews.com

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