Posted BY: RM | NwoReport
Sen. Joe Manchin (D-WV) is breaking with President Joe Biden on the debt ceiling, calling for Democrats to work with House Speaker Kevin McCarthy (R-CA) on a compromise to lift the nation’s borrowing limit.
“Well, we have to work together. It’s going to take — it’s bipartisan. It’s always been bipartisan as far as the debt ceiling,” Manchin said in an interview on Fox Business. ”I think what we have to do is realize that we have a problem. We have a debt problem.”
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Manchin said he’s already spoken with McCarthy on the issue.
House Republicans are expected to use the nation’s debt limit as leverage to push for policy changes, setting off a standoff that could shake global markets. McCarthy, who is pressing for spending cuts as part of any deal as a concession to his right flank in order to become speaker, has called on Democrats to engage in negotiations with Republicans. Democrats and the Biden administration say they won’t allow Republicans to pressure them to cut federal programs.