House Speaker Kevin McCarthy Seeks “Reasonable and Responsible” Agreement on Debt Ceiling and Spending Cuts

House Speaker Kevin McCarthy has expressed his desire to reach a “reasonable and responsible” agreement on lifting the debt ceiling, while also cutting spending and putting the United States on the path to a balanced budget.

In an interview on Sunday with CBS’s “Face the Nation,” McCarthy said he wants to find a way to lift the debt ceiling while also taking control of the “runaway spending” that has been occurring. He added that he wants to come to an agreement that would put the US on a path to balance, without putting the country’s debt in jeopardy.

McCarthy is set to meet with President Biden on Wednesday at the White House to discuss a range of issues, including raising the debt limit and Republicans’ fiscal priorities. This meeting comes as the Treasury Department continues to take extraordinary measures to keep the government paying its bills after the US hit the debt ceiling set by Congress.

McCarthy has been vocal about his desire to reach a reasonable and responsible agreement on the debt ceiling, and it remains to be seen what kind of agreement he and President Biden will come to. The meeting on Wednesday will be an important step in determining the future of the US debt ceiling and the country’s fiscal priorities.