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U.S. Rep. Mark Pocan says Republicans who voted in favor of a debt limit bill promising future spending cuts are trying to get away with “having their cake and eating it too.”
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Republican House Speaker Kevin McCarthy says a debt deal with Biden is needed by next week if Washington hopes to avert a catastrophic default.
House Speaker Kevin McCarthy, R-Calif., says a deal is needed by next week if Washington is to meet the June 1 deadline.
Biden said he and congressional leaders had a “productive” meeting Tuesday on trying to raise the nation's debt limit though no agreement was reached, and they will meet again Friday to try to avert the risk in weeks of an unprecedented government default.