'It's time to drop the partisanship, roll up our sleeves, and find common ground on this urgent challenge,' the Republican leader wrote.
, and the U.S. is at risk of a first-ever default absent congressional action.
"Congress has a constitutional obligation to address the debt limit — as they did three times in the previous administration without conditions. Business leaders and economists have warned that the threat of a default risks the livelihoods of American small businesses, retirees, and working families and would hand a massive win to China — and recent events underscore the need for Congress to address the debt limit as soon as possible," she said in a statement.
McCarthy in his letter chastised Mr. Biden for refusing to budge from his position and said it"could prevent America from meeting its obligations and hold dire ramifications for the entire nation." Noting the time that has passed since their meeting, McCarthy accused Mr. Biden and his aides of being"completely missing in action on any meaningful follow-up to this rapidly approaching deadline."
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