GOP raised debt limit without cutting spending1 min read
House Republicans say they won’t lift the debt ceiling unless President Biden agrees to cut spending. Viewers asked whether they had the same demands for Trump.
The United States has hit the debt ceiling and is potentially only a few weeks away from defaulting on its debt.
The Treasury Department is running out of money to pay the bills Congress already authorized, and it needs to borrow more, but it can’t do that unless Congress raises the debt ceiling.
Congressional Republicans – who hold a majority in the House of Representatives – say they won’t vote to raise the debt ceiling unless the bill also comes with significant spending cuts, a…
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