McConnell: U.S. debt limit solution must come from Biden, McCarthy

Published by
Reuters

WASHINGTON (Reuters) – Any agreement to address the U.S. debt ceiling and avoid a first-ever default by Washington will have to come from President Joe Biden and House of Representatives Speaker Kevin McCarthy, the top Senate Republican said on Tuesday. Senate Minority Leader Mitch McConnell, who has played an integral role in debt ceiling negotiations in the past, predicted that no solution formulated by the Democratic-led Senate is likely to win approval from the House, which Republicans control by a slim margin. “In this current situation, the debt ceiling fix – if there is one, or how it’s…

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