As negotiators are nearing an agreement to increase the nation’s debt ceiling, conservative House Republicans have urged House Speaker Kevin McCarthy (R-Calif.) to add to their demands on President Joe Biden rather than making concessions in order to close the deal.
Negotiators from both sides have been meeting intensely for the past two weeks to forge a compromise that will forestall a first-ever default on the country’s financial obligations.
Biden’s starting position was that Congress has a constitutional duty to increase the debt ceiling so the government can fully meet its financial obligations. McCarthy said there would be no increase in the debt limit without some concession on spending, and that Republicans would not agree to any tax increases….