President Biden and Treasury Secretary Janet Yellen call on Congress to raise the debt limit with no strings attached. Republicans, who recently took control of the House, have insisted that any increase of the debt limit include cuts in spending, a demand that many Democrats reject. The White House has called on Congress to raise the debt ceiling without conditions. This is something that must get done,” White House press secretary Karine Jean-Pierre said Friday, noting that lawmakers have previously increased the debt ceiling on a bipartisan basis. Question of the DayWhen does McCarthy buckle on the debt ceiling?

Source: Wall Street Journal January 16, 2023 02:51 UTC