House Speaker Kevin McCarthy said Republicans may look to a 2019 spending deal reached by his predecessor and former President Donald Trump as a model for how to avert a potential debt ceiling crisis.
McCarthy said he told President Biden during a recent conversation that he’d like to sit down soon to address the concern, suggesting a cap on spending in exchange for temporarily raising the debt ceiling could be the way to go.
“I had a very good conversation with the president when he called me, and I told him I’d like to sit down with him early and work through these challenges,” McCarthy said.
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