McCarthy Urges Negotiations on Debt Limit With No ‘Lines in Sand’
- Speaker’s comments come day before Biden’s State of the Union
- US Treasury is now using accounting maneuvers to avoid breach
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Speaker Kevin McCarthy urged President Joe Biden to enter negotiations with Republicans on a “responsible” debt limit increase that avoids any US payments default while addressing the nation’s longer-term fiscal challenges.
“We need a different approach — no drawing lines in the sand and saying ‘it’s my way or the highway,’” McCarthy said in remarks at the Capitol on Monday evening. “But most of all, no blank checks for runaway spending.”