House Speaker Kevin McCarthy (R-CA) slammed President Joe Biden amid debt ceiling negotiations and accused the president of preferring the United States default on its debts rather than cut federal spending.
“President Biden doesn’t think there is a single dollar of savings to be found in the federal government’s budget,” McCarthy tweeted Saturday evening. “He’d rather be the first president in history to default on the debt than to risk upsetting the radical socialists who are calling the shots for Democrats right now.”
Treasury Secretary Janet Yellen has warned that the U.S. will hit its debt limit as early as June 1.
For months, Biden refused to negotiate with House Republicans on the debt ceiling. The president had a change of heart after House Republicans rallied behind Speaker McCarthy to pass the Limit, Save, Grow Act, which would lift the debt ceiling through early next […]
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