The House speaker said he will meet Biden on Wednesday to discuss raising the debt ceiling while controlling government spending, adding that Republicans will not allow a U.S. default.
The dome of the U.S. Capitol is seen beyond a chain fence during the partial government shutdown in Washington, U.S., January 8, 2019. REUTERS/Kevin Lamarque/File PhotoWASHINGTON, Jan 29 - House of Representatives Speaker Kevin McCarthy on Sunday said he will meet with President Joe Biden on Wednesday to discuss raising the federal debt ceiling while controlling government spending, adding that Republicans will not allow a U.S. default.
"I know the president said he didn't want to have any discussions" on cuts, McCarthy said. "I want to find a reasonable and a responsible way that we can lift the debt ceiling take control of this runaway spending."to avoid breaching the $31.4 trillion limit on federal debt imposed by Congress.
White House spokesman Andrew Bates said that McCarthy's pledge to strengthen the programs would lead to cuts.
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