Biden Loses Debt-Limit Leverage as Business Groups Push for Talks With McCarthy

US President Joe Biden is under increasing pressure from business groups to negotiate with Speaker Kevin McCarthy on the US debt limit, a blow to the White House’s goal of avoiding talks with Republicans on raising it.

Some White House officials had wanted business groups to pressure McCarthy to take the possibility of a catastrophic debt default off the table. Such groups have traditionally held sway over Republican lawmakers, though their influence waned during Donald ...

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