House Speaker Kevin McCarthy expects his debt limit bill to pass the House this week as key Senate Democrats are urging President Biden to meet with him and negotiate.
The debt limit previously set by Congress has been reached, and the national debt is inching toward $32 trillion.
"These spending limits are not draconian, they're responsible," McCarthy said when the bill was introduced last week.
Biden immediately came out in strong opposition to the bill, and he continues to advocate a clean debt limit increase without strings attached.
McCarthy on Sunday invited President Biden to meet with the House GOP to hash out a debt ceiling plan.
More Democratic lawmakers are encouraging Biden to meet with McCarthy as the clock ticks on the debt ceiling.
"For the sake of the country, I urge President Biden to come to the table, propose a plan for real and substantive spending cuts and deficit reduction, and negotiate now."
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