With a possible federal default simply over per week away, Speaker Kevin McCarthy renewed his name on Wednesday for President Biden and congressional Democrats to simply accept spending cuts in change for elevating the debt restrict and permitting the Treasury Division to keep away from lacking funds.
“It’s important to spend lower than you spent final 12 months,” Mr. McCarthy stated at a information convention within the Capitol as Biden administration and Republican negotiators gathered on the White Home. “That isn’t that…
