EXCLUSIVE— Ahead of President Joe Biden's meeting with House Speaker Kevin McCarthy amid the looming June deadline to raise the debt ceiling, Sen. Ron Johnson slammed the dilemma as a"phony crisis."
Biden's administration has signaled an unwillingness to negotiate on the debt ceiling, despite hosting the Tuesday meeting with McCarthy and other lawmakers. However, Republicans have used the debt ceiling fight to call attention to the nation's increasing debts. House Republicans are further asking for spending cuts to address the level of debt being assumed by the government in exchange for raising the debt ceiling.
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