McCarthy says no to brief debt limit extension.

Republican House Speaker Opposes Extending Debt-Ceiling

McCarthy Urges Immediate Action to Avoid Default

Republican U.S. House of Representatives Speaker Kevin McCarthy has made it clear that he is against the idea of extending the nation’s debt-ceiling through the end of the fiscal year on Sept. 30. This comes ahead of his meeting with Democratic President Joe Biden later today.

When asked by reporters whether he would support such a move to help the U.S. avoid defaulting on its $31.4 trillion in debt, McCarthy replied with a firm “no.”

“Just get this done now,” urged McCarthy, who has previously stated that he will not pass an increase in the borrowing limit without an agreement to cut spending. He added, “he’s got to stop ignoring problems. And why continue to kick the can down the road? Let’s solve it now.”

McCarthy’s Stance on Debt-Ceiling

McCarthy’s stance on the debt-ceiling has been clear from the beginning. He believes that the U.S. needs to take immediate action to avoid defaulting on its debt. He has also emphasized the need for an agreement to cut spending before passing an increase in the borrowing limit.

What’s Next?

As the debate over the debt-ceiling continues, it remains to be seen what action will be taken. However, one thing is clear: McCarthy is urging immediate action to avoid default and is not in favor of extending the debt-ceiling.

Takeaways

• Republican House Speaker Kevin McCarthy opposes extending the debt-ceiling.
• McCarthy urges immediate action to avoid default and an agreement to cut spending before passing an increase in the borrowing limit.
• The debate over the debt-ceiling continues, and it remains to be seen what action will be taken.

Stay tuned for updates on this developing story.