McCarthy floated a plan last week that would pair $4.5 trillion in spending cuts with a $1.5 trillion increase in the $31.4 trillion U.S. debt limit. He has said the House would vote on his bill this week and has also invited Biden to discuss the debt ceiling with him.
“House Republicans must take default off the table and address the debt limit without demands and conditions,” the White House said on Tuesday.
Source: Economy - investing.com
