Kevin McCarthy outlines broad goals for debt limit talks with Biden
House Speaker Kevin McCarthy presented on Tuesday a set of broad goals that would need to be met in exchange for raising the debt limit.
Mr. McCarthy, California Republican, outlined the priorities in a letter to the White House urging President Biden to start official negotiations on raising the cap for how much the federal government can borrow to meet expenses.
“I am incredibly concerned that you are putting an already fragile economy in jeopardy by insisting upon your extreme position of refusing to negotiate any meaningful changes to out-of-control government spending,” the speaker wrote.
Mr. McCarthy said any...