House Speaker McCarthy Calls Biden Responsible for Potential Default

Speaker of the US House of Representatives Kevin McCarthy called President Joe Biden responsible for a possible default in the country. About this he wrote on your Twitter account.

“The Democrats have 9 days left to meet the deadline, but since President Biden has ignored this debt crisis for over 100 days – <...> any default will be a Biden default,” the post reads.

Also on the speaker’s personal website to be specifiedthat McCarthy tried to start discussions on increasing the debt limit, after which “for the next 104 days, President Biden ignored Speaker McCarthy’s reasonable requests for negotiations as the debt crisis approached.”

May 7 US Secretary of the Treasury Janet Yellen warnedthat in early June the United States may face default if the country does not pass a bill to raise the debt ceiling.

The House of Representatives (the lower house of the US Parliament) at the end of April approved a bill to raise the public debt limit, but with a significant tightening of budget policy, including a reduction in government spending. In the House of Representatives, the Republicans have a majority, in order for the law to pass further, it must be approved in the Senate, where Democrats predominate.

The bill, announced by Speaker of the House McCarthy, raises the ceiling by $1.5 trillion but cuts $4.5 trillion in spending. The Democrats did not support the proposal.

May 10 Biden declaredthat the crisis in the country was formed because of the Republicans, since the United States can pay its national debt. At the same time, the president agreed with Senate Minority Leader Mitch McConnell that the US would not default. McConnell also urged the US president to make a deal with McCarthy, a member of the Republican Party.