May 16, 2023
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1:36Now PlayingLast week, Biden, McCarthy and other leaders agreed to hold staff level talks on how to raise the debt ceiling before the government is unable to pay its current obligations by early June. The White House made it clear it wanted to keep talks about the debt ceiling separate from talks about spending cuts.
Last Thursday, McCarthy blamed Biden for the lack of progress in a deal that would allow the government to borrow more money once it hits the debt ceiling in June.
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