You are currently viewing McConnell Says It’s McCarthy’s Job To Reach Debt Ceiling Deal

Topline

Senate Minority Leader Mitch McConnell (R-Ky.) told reporters Tuesday he plans to take a hands-off approach to overcoming the standoff between the White House and Congressional Republicans over raising the debt ceiling, saying the path to an agreement rests with House Speaker Kevin McCarthy (R-Calif.).

Key Facts

McConnell said he “can’t imagine any kind of debt ceiling measure” that could pass the Democratic-controlled Senate and also pass the Republican-majority House.

The senator said he can only see a solution coming through negotiations between McCarthy and President Joe Biden, but the two sides seem far from an agreement.

McCarthy vowed he would demand significant spending cuts in exchange for raising the debt ceiling as part of a deal he made with a hard-right contingent of House Republicans to win the speakership earlier this month, but the White House has repeatedly said

Keep reading this article on Forbes Business.

Leave a Reply