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1.White House Considers Short-Term Debt Ceiling Extension
Hill: The White House is not taking the possibility of a short-term debt ceiling extension off the table as it weighs options to avoid the country defaulting on its debts as President Biden prepares to meet Speaker Kevin McCarthy (R-Calif.) on the matter next week. On Thursday, Office of Management and Budget Director Shalanda Young told reporters at the White House that extending the debt ceiling was an option (Hill). RNC Research: Biden Budget Director Shalanda Young can’t say whether Biden was joking or not when he riffed he was “all for” limiting spending (Twitter). Just the News: Her comments come ahead of a Tuesday meeting between Biden and congressional leaders to discuss a resolution to the budgetary standoff. The nation hit its $31.38 trillion debt limit in January of this year, prompting Treasury Secretary Janet Yellen to resort to “extraordinary measures” to keep the government afloat. She has, however, warned that the situation will become untenable by June 1 and urged lawmakers to resolve the issue. While Democrats have advocated for a clean increase to the nation’s spending limit, Republicans have sought to pair any increase with provisions to limit spending and address the national debt. The Republican-dominated House in April passed a plan to extend the debt limit for one year while capping the growth of federal spending. President Joe Biden has indicated he will veto the plan should it ever reach his desk (Just the News).

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