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  • Los Angeles Times

    Kevin McCarthy, facing his biggest test yet, sees no ‘movement’ on debt limit deal

    WASHINGTON — The last time House Speaker Kevin McCarthy sat down with President Joe Biden in the Oval Office, he struck a firm but hopeful tone, telling reporters that the pair could “find common ground” to avert a calamitous default on U.S. debt. Ninety-seven days later, as McCarthy met with the president on Tuesday for only the second time since he became speaker, both sides were no closer ...
    by Courtney Subramanian, Los Angeles Times May 09, 2023 5 minutes
    From left, U.S. President Joe Biden and Speaker of the House Kevin McCarthy depart the U.S. Capitol following the Friends of Ireland Luncheon on Saint Patrick's Day March 17, 2023, in Washington, D.C..

    WASHINGTON — The last time House Speaker Kevin McCarthy sat down with President Joe Biden in the Oval Office, he struck a firm but hopeful tone, telling reporters that the pair could “find common ground” to avert a calamitous default on U.S. debt.

    Ninety-seven days later, as McCarthy met with the president on Tuesday for only the second time since he became speaker, both sides were no closer to a compromise — paving a perilous path toward a historic default that would reverberate across the global economy.

    “I didn’t see any new movement,” McCarthy said after meeting with Biden and House Democratic leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer and Minority Leader Mitch McConnell.

    House Republicans have refused to raise the $31.4 trillion debt limit unless it’s paired with discretionary spending

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