Business Maverick: McCarthy Has a ‘Lot of Ideas’ Ahead of Biden Meeting on Debt

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House Speaker Kevin McCarthy said he has “a lot of ideas” he plans to share with President Joe Biden during a Wednesday meeting on how to avert a market-rattling payments default, but congressional Republicans don’t yet have a firm proposal to offer the...

After huddling behind closed doors with House Republicans, McCarthy told reporters he wants to deal with the debt ceiling in an “adult way” and called on Democrats to avoid political games.

Biden’s strategy so far is to wait and see what Republicans propose. The president at a Democratic National Committee fundraiser in New York on Tuesday called McCarthy a “decent man,” but said he had made concessions to the right wing of his party that were “off the wall” to secure the speakership. While McCarthy may not have a plan, he will go into the meeting “with more specifics that he’s not going to negotiate in the press,” Budget Chairman Jodey Arrington said on Wednesday.

“In my business, if you want to buy a car, I can’t force you to buy a car,” Williams said. “I need to know what you’ll pay for the price. That’s what we need to do over there.”

 

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