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Free AccessWhite House "Stance Continues" On Clean Debt Limit Raise
White House Press Secretary Karine Jean-Pierre has told reporters that the White House position on the debt ceiling hasn't changed, despite the emergence of a proposal from House Speaker Kevin McCarthy's (R-CA)..
- Jean-Pierre: "We have been very clear that the Speaker, without delay, should put a clean bill on the floor to avoid default. We have been very clear about that and that stance continues."
- Jean-Pierre: "We are always happy to have a conversation about the budget... but we need to see them raise the debt ceiling to avoid a default."
- The White House comments comes as some Democrat lawmakers openly question the wisdom of President Biden maintaining a rigid position opposed to talks with McCarthy.
- Rep. Greg Landsman (D-OH): “I don’t think there’s any harm in the two of them sitting down to talk. The idea that we’re even coming this close to a potential default is insane.”
- Senator Joe Manchin (D-WV) went further: “…it has been more than 78 days since President Biden last met with Speaker McCarthy. This signals a deficiency of leadership."
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.