“looks forward” to sitting down with new House Speaker Kevin McCarthy to discuss a range of topics, including perhaps the thorniest challenge confronting Washington this year: raising the nation's debt limit., and no date nor time for a meeting.
“Like the president has said many times, raising the debt ceiling is not a negotiation; it is an obligation of this country and its leaders to avoid economic chaos,” White House press secretaryreleased Friday evening. “Congress has always done it, and the president expects them to do their duty once again. That is not negotiable.”
McCarthy, R-Calif., and his new majority in the House have said they will push changes, such as overhauls to entitlement programs, in order for Congress to raise the debt limit. The promise revived the prospects of a major fiscal standoff like the one in summer 2011, which prompted the first downgrade on a portion of the federal government’s AAA bond rating by Standard & Poor's.
Source: Loan Digest (loandigest.net)
Joe won't be discussing anything. He will be impeached soon
Lol the debt “ceiling” that has no limits- we’ll see how it goes once BRICs nations drop the petro-dollar.. Then we can all panic
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