We're just days away from the anticipated meeting among the four leaders of the U.S. House and Senate and President Joe Biden at the White House over how to go about raising the debt ceiling.
In a piece titled "White House leaves door open to deal that resolves debt ceiling crisis," the paper notes that while the White House is attempting to make it clear that tying cuts to the debt ceiling is unacceptable, there is room to talk about it.
It is possible, the Post points out, that Biden and McCarthy "Could agree to an informal or handshake deal on government spending that resolves the immediate debt limit challenge without finalizing a full budget deal." But there's no incentive for McCarthy to go with a handshake deal that risks his Speakership.
Ahead of next Tuesday's meeting, McConnell has signaled there won't be a debt ceiling deal on the Senate side-at least, not "Without substantial spending and budget reforms"-with his co-signing a GOP letter taking a firm stand on the issue.
Senate Minority Leader Mitch McConnell has signed onto a letter stating he and more than 40 members of the Senate GOP conference will not back "Any bill that raises the debt ceiling without substantive spending and budget reforms," according to sources.
The Senate Republican conference is united behind the House Republican conference in support of spending cuts and structural budget reform as a starting point for negotiations on the debt ceiling.
We will not be voting for cloture on any bill that raises the debt ceiling without substantive spending and budget reforms.
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