Biden, Schumer ‘Backed Off Their Idea’ to Not Negotiate, McCarthy Says

President Joe Biden and Senate Majority Leader Chuck Schumer, D-N.Y., “have finally backed off their idea that they won’t negotiate” on the debt ceiling, according to House Speaker Kevin McCarthy, R-Calif. “They finally backed off the insane, un-rational, un-sensible idea that you just raise the debt ceiling,” McCarthy said at a joint press conference on Wednesday with Republican lawmakers in both the U.S. House of Representatives and Senate. “The president’s selected two individuals, the [Office of Management and Budget Director Shalanda Young] and [counselor to the president Steve] Ricchetti, to sit down…

Read More...