MSGI’s This Week in Washington

Start
8 May 2023
End
12 May 2023

President Biden will meet with House and Senate Congressional leaders on Tuesday to begin formal negotiations on raising the debt limit. The President and House Speaker Kevin McCarthy (R-CA) remain divided on a path forward – Speaker McCarthy wants to pair a debt limit hike with significant spending cuts, while President Biden maintains that Congress must pass a “clean” debt limit increase with no additional provisions. The pressure to find a solution is intensifying – this meeting will be the first of many over the next few weeks. We will provide an update once a compromise becomes clear.

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