2023-01-24 22:02:13

McConnell says any debt ceiling solution will come from McCarthy and Biden

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CBS News
By Kathryn Watson

Senate Minority Leader Mitch McConnell said Tuesday that any "solution" to the debt ceiling will have to come from both fellow Republican House Speaker Kevin McCarthy and President Joe Biden.

McConnell made that comment to reporters Tuesday as Treasury Secretary Janet Yellen warns the federal government has hit the debt limit and only has a few months before a potentially dangerous default. Some House Republicans, including McCarthy, have made it clear they don't want to increase the debt ceiling without significant spending cuts.

"I can't imagine any kind of debt ceiling measure that could pass the Senate would also pass the House," McConnell said. "So even though the debt ceiling could originate in either the House or the Senate, in this current situation, the debt ceiling fix, if there is one or how it's to be dealt with, will have to come out of the House."

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