WASHINGTON (Reuters) – U.S. House Speaker Kevin McCarthy said on Thursday that Republicans could act on their own on the U.S. government’s debt ceiling if President Joe Biden does not negotiate.
Biden, a Democrat, has insisted that Republicans who control the House of Representatives raise the $31.4 trillion debt ceiling without conditions and produce a fiscal 2024 spending plan before he will engage in talks about spending.
(Reporting by David Morgan; Writing by Rami Ayyub; Editing by Tim Ahmann)