• Sen. Joe Manchin (D-WV) called on President Joe Biden to continue debt ceiling negotiations with House Speaker Kevin McCarthy (R-CA) as the federal government quickly approaches a default on obligations.
• The debt ceiling, a policy established by Congress that prevents the federal government from spending beyond the predetermined national debt limit of $31.4 trillion, surpassed the threshold earlier this year.
• McCarthy and Biden met in early February to discuss possible mechanisms to raise or eliminate the debt ceiling, a move which several House Republicans will not approve without meaningful efforts to limit future federal expenditures.

Tagged: Politics