Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
A vehicle exploded in Washington, DC, the United States.
The Israeli occupation forces are carrying out extensive air raids on eastern and northeastern Gaza.
Israeli media: One Israeli soldier killed in a "security incident" in Khan Younis, south of the Gaza Strip
Israeli media: Intense exchange of fire in Khan Younis
Israeli media platform reports on a tough incident in Gaza still under media censorship
Iran's judiciary says 71 killed in Israeli strike on Evin Prison
Trump: Make the deal, get the hostages back
Al Mayadeen's correspondent: 67 Palestinians were martyred in 24 hours in the Israeli aggression on the Gaza Strip
Israeli media: For the first time, Prime Minister Netanyahu is signaling that he wants to end the war on Gaza
Israeli Channel 12, citing an American source: We want to have entered a path toward captive release and a ceasefire before Netanyahu arrives in Washington

US House speaker McCarthy says accepts Biden’s request to discuss debt

  • By Al Mayadeen English
  • Source: Agencies
  • 21 Jan 2023 12:30
2 Min Read

US House Speaker Kevin McCarthy tweeted he's looking forward to meeting with US President Joe Biden to negotiate Congress' imposed debt ceiling.

  • x
  • House Minority Leader Kevin McCarthy attends a meeting with US President Joe Biden (R) and other Congressional Leaders to discuss legislative priorities through the end of 2022, at the White House on November 29, 2022 in Washington, DC. (Getty Images)
    House Minority Leader Kevin McCarthy (L) attends a meeting with US President Joe Biden (R) and other Congressional Leaders to discuss legislative priorities through the end of 2022, at the White House on November 29, 2022, in Washington, DC. (Getty Images)

US House Speaker Kevin McCarthy said he accepted President Joe Biden's invitation to discuss the situation regarding US national debt and a possible increase in the debt ceiling imposed by Congress.
 
"President Biden: I accept your invitation to sit down and discuss a responsible debt ceiling increase to address irresponsible government spending," McCarthy said via Twitter on Friday. 

President Biden: I accept your invitation to sit down and discuss a responsible debt ceiling increase to address irresponsible government spending.

I look forward to our meeting.

— Kevin McCarthy (@SpeakerMcCarthy) January 20, 2023

Related News

Two killed in Idaho wildfire ambush on firefighters

'Israel' failed to topple Iran, lost 12-day war, Larijani says

The Treasury Department announced on Thursday that it has begun taking extraordinary measures to avoid a government debt default by temporarily suspending payments that are not immediately required for essential programs or to keep the government running.
 
Treasury Secretary Janet Yellen warned last week that the United States will soon reach its debt ceiling. The US national debt is approximately $31.46 trillion, according to Treasury Department data.
 
Yellen warned on Friday that if Congress does not address the debt limit soon, the United States risks triggering a recession or a global financial crisis. If Congress fails to raise the limit, the US will automatically default on its payments, obstructing basic US government functions.

Read next: US debt default might trigger global financial crisis
 
The White House said in a statement on Friday that Biden will meet with McCarthy as part of a series of meetings with new congressional leaders. The White House said in a statement that Biden and McCarthy will debate two opposing visions for the United States, which the president welcomes.
 
"Like the President has said many times, raising the debt ceiling is not a negotiation; it is an obligation of this country and its leaders to avoid economic chaos. Congress has always done it, and the President expects them to do their duty once again," the White House statement said. 
 
The White House said in a statement on Friday that Biden will meet with McCarthy as part of a series of meetings with new congressional leaders. The statement related that Biden and McCarthy will debate two opposing visions for the United States, which the president welcomes.

Biden will also discuss his own plan to reduce the deficit while strengthening retirement programs by taxing large corporations, according to the statement. 

Read next: US starts 'extraordinary measures' to ward off potential debt default

  • United States
  • US debt
  • Kevin McCarthy
  • Joe Biden

Most Read

Iranian President Masoud Pezeshkian attends a protest following the US attacks on nuclear sites in Iran, in Tehran, Iran, Sunday, June 22, 2025. (AP)

Iran declares victory as ceasefire forces Israeli retreat

  • Politics
  • 24 Jun 2025
Iran launches strikes on Israeli targets, despite alleged ceasefire

Iran victorious as ceasefire with 'Israel' takes effect

  • Politics
  • 24 Jun 2025
The site of a direct missile strike launched from Iran in Tel Aviv on Sunday, June 22, 2025. (AP)

Op. True Promise 3, wave 21: Multi-warhead missiles rain on 'Israel'

  • Politics
  • 23 Jun 2025
Iran says targeted US Qatar air base under Op. Annunciation of Victory

Iran says targeted US Qatar air base under Op. Annunciation of Victory

  • MENA
  • 23 Jun 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
Women comfort each other by a vehicle that was burnt overnight by Israeli settlers in an attack that killed three Palestinians and burnt several vehicles and damaged homes, in Kafr Malik, east of Ramallah, Thursday, June 26, 2025 (AP)
Politics

Settlers shoot and assault Palestinians in Hizma, Masafer Yatta

Syria's interim leader, Ahmad al-Sharaa, walks in the presidential palace ahead of a meeting in Damascus, Dec. 28, 2024. (AP)
Politics

Syria open to Sharaa-Netanyahu meeting at UN assembly: Israeli media

Former Iranian parliament speaker Ali Larijani speaks with media at the Interior Ministry in Tehran, Iran, Friday, May 31, 2024 (AP)
Politics

'Israel' failed to topple Iran, lost 12-day war, Larijani says

Smoke rises to the sky following an Israeli strike in the Gaza Strip as seen from southern Israel, Wednesday, June 11, 2025. (AP)
Politics

War on Gaza failed to achieve objectives in Gaza: Israeli media

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS