Republican House speaker vows vote on US debt limit

AFP :
The top congressional Republican said Sunday he will hold a vote this week on raising the US debt ceiling and curbing spending, as he accused President Joe Biden of ducking negotiations ahead of a looming default.
House Speaker Kevin McCarthy and Biden have jousted for weeks over an exit to the impasse. The president has called for a “clean” bill to increase borrowing with no strings attached, while the Republican demands cuts to federal spending as a way to trim the nation’s $31 trillion debt.
While the White House has warned that the Republican plan is akin to “economic hostage-taking” and McCarthy blames Biden for “bumbling” toward a default, a deadline is rapidly approaching; the US government risks defaulting on payment obligations by July or even earlier, with profound implications for the US and global economies.
“We will hold a vote this week, and we will pass it and send it to the Senate,” McCarthy told Fox News talk show “Sunday Morning Futures,” expressing alarm that Biden “won’t even negotiate for more than 80 days” since the political adversaries met for opening talks in February.