+OverSword Posted January 20 #1 Share Posted January 20 Quote House Speaker Kevin McCarthy (R-Calif.) is pressing for Democrats to come to the bargaining table and begin negotiations to address the nation’s debt limit, as he faces pressures within his party to make good on significant fiscal reform. McCarthy called on the White House to start discussions this week. But as both sides gear up for the fight over the country’s borrowing limit, the GOP leader is getting the cold shoulder from Democrats, who have characterized ideas floated on the other side as nonstarters. “Republicans are creating a crisis that need not exist,” Rep. Brendan Boyle (Pa.), top Democrat on the House Budget Committee, said on Thursday, while decrying what he called “political games.” The impasse has heightened public concern in recent days, particularly as the Treasury Department has begun what it calls “extraordinary measures” to keep the U.S. government from defaulting on its debt. The standoff comes as House Republicans have ramped up calls to tie spending cuts to any bill raising or suspending the debt limit — legislation that caps how much outstanding national debt the government can hold to fulfill its financial duties. Democrats, by contrast, have instead insisted on a clean bill to address the debt ceiling. Link So tighten the belt and sacrifice some spending or just double down on insurmountable debt? 2 1 Top Link to comment Share on other sites More sharing options...
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