There’s been lots of talk but little progress towards a solution to the upcoming debt ceiling crisis on Capitol Hill. Speaker Kevin McCarthy (R-Calif.) is set to meet this week with President Joe Biden at the White House to discuss Congress’ need to pay the tab it’s already racked up.
All eyes will be on the Biden-McCarthy meeting on Wednesday. But Senate Majority Leader Chuck Schumer (D-N.Y.) is already trying to thread a needle by both hammering House Republicans for their willingness to use the debt limit as a bargaining chip and not closing the door on bipartisan deals that Senators are seeking.
Schumer and McCarthy haven’t met one-on-one yet this Congress. Aides say that will come soon, but it isn’t on either man’s schedule yet. “Unfortunately, [McCarthy] let a group of very extreme people, he gave them the tools” to wield power, Schumer said in an interview.
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Pres. Biden has to “find compromise” with House Republicans on spending and debt ceiling, Speaker McCarthy says. https://t.co/JRiirOLKgD
— ABC News (@ABC) January 30, 2023