And that bill, as we know, would raise the debt limit but make it contingent on certain cuts to the federal budget that please Republicans. That would elevate McCarthy and highlight the bill the House has narrowly already approved. What's behind this?ĮLVING: The Republican strategy had been to make this a mano-a-mano match between Biden and House Speaker Kevin McCarthy.
President Biden has called a meeting for next week with both party leaders of the House and Senate. could default on its bonds as soon as June 1.
Listen, maybe it's all the crowns and jewels, but I'm reminded of the U.S. SIMON: But in any event, mine can be even worse. SIMON: Gosh, that was a bad British accent. RON ELVING, BYLINE: (Impersonating British accent) We are pleased to have the privilege of joining you, Scott.
NPR senior editor and correspondent Ron Elving joins us. Now back to events in the former North American colonies.
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