House Speaker says Democrats should cap spending to avoid U.S. debt default
WASHINGTON, Jan 15 (Reuters) - House of Representatives Speaker Kevin McCarthy said on Sunday he believes Democrats would agree to cap government spending to avoid a U.S. debt default and he wants to discuss the idea with President Joe Biden.
Republicans now in control of the House have threatened to use the debt ceiling as leverage to demand spending cuts from Biden's Democrats, who control the U.S. Senate.