On Monday, President Joe Biden invited the four House and Senate leaders to the White House next week, on May 9.
The White House called on Congress to unconditionally raise the federal government’s borrowing limit, a day after the Treasury Department warned that the U.S. could be forced into default starting in June.
On Monday, President Joe Biden invited the four House and Senate leaders to the White House next week, on May 9.
The president plans to discuss “the initiation of a separate budget process” at that meeting, his spokeswoman, Karine Jean-Pierre, told reporters.
“We will not negotiate this issue” with the Republicans, he stressed.
“The debt limit has been raised three times during Donald Trump’s presidency. It shouldn’t be any different now,” he recalled.
Biden sees raising the debt limit as a “constitutional obligation” of Congress, which shouldn’t even be debating the issue.
Republicans, however, led by Kevin McCarthy, the speaker of the House of Representatives, are calling for drastic cuts in public spending to increase the government’s borrowing limit.
Source :Skai
With a wealth of experience honed over 4+ years in journalism, I bring a seasoned voice to the world of news. Currently, I work as a freelance writer and editor, always seeking new opportunities to tell compelling stories in the field of world news.
