- GOP leader McCarthy unveils debt-ceiling strategy with term sheet of spending reduction proposals.
- McCarthy asks for a meeting with President Biden ahead of the country's borrowing limit.
- Biden refuses to negotiate with the GOP and demands a budget resolution.
- Republicans may pass a short-term debt-ceiling increase with modest savings attached.
- The GOP proposals have the potential to draw the support of some Democrats.
McCarthy’s Debt-Ceiling Offer
The GOP appears to have gotten its act together. Will Biden continue obstructing?
Kimberley A. Strasse
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