GOP, Democrats play chicken with debt ceiling


Source: thehill.com thehill.com

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The high-stakes game of chicken over the debt ceiling between President Biden and Republicans is nearing a collision and both sides are daring each other to blink. Treasury Secretary Janet Yellen announced Monday that the U.S. may not be able to pay its bills after June 1. A few hours later, Biden broke a months-long stalemate and invited Speaker Kevin McCarthy (R-Calif.) and other congressional leaders to the White House. Even so, the two sides have remained dug in and far apart. Biden is demanding a “clean” debt ceiling increase without any spending cuts attached, while Republicans are pressing for...