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From Washington: U.S. Debt Ceiling Sparks Debate Over Spending
12 days ago - By FOX News Radio
According to the Treasury Department, the United States reached its $31 trillion limit on Thursday. With the risk of a default in June, Congress must act swiftly to protect the federal government's credit. While Speaker McCarthy is calling for negotiations with the President to discuss spending cuts, the White House has insisted that raising the debt ceiling should have no conditions. FOX News Senior Congressional Correspondent Chad Pergram discusses how Speaker McCarthy and President Biden can work to find a solution, what negotiations could be on the table, and the future for Speaker...
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