WASHINGTON—President Biden said he needs to see House Republicans’ budget proposal to start negotiations related to raising the nation’s borrowing limit. House Republicans’ response: Not going to happen.
The chairman of the House Budget Committee, Texas Rep. Jodey Arrington, said in an interview that the GOP budget process could take months to play out, pushing it past the deadline for Congress to act on raising the debt ceiling and avoid a U.S. default on debt payments and other government obligations. Instead, he and other top Republicans want to start talks immediately on a shorter list of demands for this year, without a formal budget in hand.
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