Biden will veto McCarthy's debt limit package, White House announces
President Joe Biden will veto House Speaker Kevin McCarthy's (R-CA) debt limit bill, should it pass both chambers of Congress.
Biden's Office of Management and Budget released a Statement of Administration Policy Tuesday morning indicating that the administration "strongly opposes the Limit, Save, Grow Act of 2023, which is a reckless attempt to extract extreme concessions as a condition for the United States simply paying the bills it has already incurred."