As the government could fall behind on its bills as early as June 1 if Congress doesn't raise the borrowing limit, Biden wants a quick debt ceiling increase with no attached spending cuts. However, House Speaker Kevin McCarthy has rallied Republicans around the Limit, Save, Grow Act of 2023 that passed the House last month to raise the debt ceiling by $1.
"Every day without action brings the American government closer to default and the American people closer to economic chaos," Manchin said in a statement Monday."I urge President Biden to show true leadership and finally put politics aside and the well-being of our nation first.” Biden will host McCarthy and other congressional leaders at the White House on May 9 for a debt limit discussion.Here's a look at scenes from the week of May 1, 2023, captured by Washington Examiner photographer Graeme Jennings.Senate Republicans back McCarthy on debt limit showdown with BidenSenate Majority Leader Chuck Schumer announces effort to combat Chinese competition
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