Here's a periodic reminder: There is, as of now, still no plan to raise the U.S. debt ceiling, leaving open the chance of a potentially catastrophic blow to the global economy as soon as June.
In a letter to the White House on Tuesday, House Speaker Kevin McCarthy, R-Calif., tried to pin the lack of progress on President Joe Biden. From McCarthy's point of view, Biden is "putting an already fragile economy in jeopardy" by refusing to link raising the debt ceiling to negotiations over federal spending. He claimed that "House Republicans are united" in their view that the only way to stave off disaster is through a deal that would "Limit Spending, Save Taxpayer Money, and Grow the Economy."
It's a nice slogan and the closest McCarthy has come to laying out terms for a potential deal.
This is a preview of Hayes Brown's latest article. Read the full column here. |
