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Biden Loses Debt-Limit Leverage as Business Groups Push for Talks With McCarthy

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President under pressure to do deal on US debt ceiling amid calls for $5 trillion in spending cuts

US President Joe Biden is under increasing pressure from business groups to negotiate with Speaker Kevin McCarthy on the US debt limit, a blow to the White House’s goal of avoiding talks with Republicans on raising it.

Some White House officials had wanted business groups to pressure McCarthy to take the possibility of a catastrophic debt default off the table. Such groups have traditionally held sway over Republican lawmakers, though their influence waned during Donald ...

 

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Biden Loses Debt-Limit Leverage as Business Groups Push for Talks With McCarthyPresident under pressure to do deal on US debt ceiling amid calls for $5 trillion in spending cuts
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