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Debt ceiling standoff: McCarthy rejects Democrats in major break with tradition

By Virginia Aabram
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Debt ceiling standoff: McCarthy rejects Democrats in major break with tradition

House Speaker Kevin McCarthy (R-CA) is standing firm in his commitment against raising the debt ceiling without budget cuts as the Treasury Department prepares to start extraordinary measures this week to keep the country from defaulting on its debt.

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Budgets and Deficits Congress Debt Ceiling Democratic Party House of Representatives Kevin McCarthy