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Top Republican Kevin McCarthy will meet Biden to discuss US debt default

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The talks will be McCarthy’s first with the president since he became House speaker this month after Republicans won control of the chamber.
„:“Top Republican Kevin McCarthy said he would meet on Wednesday with US President Joe Biden to discuss avoiding a US debt default, but warned the president must rethink his refusal to consider spending cuts in exchange for raising the borrowing limit. “I want to find a reasonable and a responsible way that we can lift the debt ceiling,” while controlling what he called “runaway spending” by Congress, McCarthy told CBS Sunday programme Face the Nation . The talks will be McCarthy’s first with the president since he became Speaker of the House of Representatives this month after Republicans won control of the chamber. The raising of the national debt limit – which allows the government to pay for spending already incurred – is often routine.

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