President Joe Biden has invited House Speaker Kevin McCarthy (R-Calif.) and other congressional leaders to a meeting on raising the nation’s debt limit, but he has no intention of negotiating on the matter.
Instead, the president will use the May 9 sit-down to remind Republicans of their constitutional duty to raise the debt ceiling and avoid a default on the nation’s financial obligations, White House Press Secretary Karine Jean-Pierre told reporters at a May 2 press briefing.
The remarks echoed Biden’s own comments from the previous day.
“The most important thing we have to do in that regard [the economy] is to make sure the threat by the Speaker of the House to default on the national debt is off the table,” Biden said during remarks to small-business leaders at the White House….