U.S. House Speaker Kevin McCarthy said on Thursday that Republicans could act on their own to address the federal government's debt ceiling, after months of demands that President Joe Biden first agree to spending cuts went nowhere.
In the latest sign of growing Republican exasperation over Biden's refusal to negotiate a deal on spending in exchange for a debt ceiling hike, McCarthy said his party is close to agreeing on a package that could pass the House of Representatives without participation from the president or Democrats in Congress."We have been reasonable, responsible, asked to sit down with the president for months. He has made the decision that he wants to put the economy in jeopardy.
House action on a Republican-only package could be symbolic at best, if the proposal failed to pass the Democratic-controlled Senate. Biden has responded by demanding that lawmakers address the borrowing limit first without strings attached. He has also called on House Republicans to produce their own fiscal 2024 budget, which remains weeks - if not months - away.
Polling shows Americans support using the debt ceiling talks to address the deficit - but prefer Biden's path of higher taxes.
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