Sen. Mike Lee (R-UT) said on Sunday that the Senate Republican Conference would work to strengthen House Speaker Kevin McCarthy's (R-CA) negotiating position as he attempts to force President Joe Biden to negotiate a debt limit compromise.
Lee collected an impressive 42 signatures, not including his own, from his Senate GOP colleagues for a letter sent Saturday to Senate Majority Leader Chuck Schumer that voiced support for pairing a debt limit increase with spending cuts. Asked about the letter, which included Senate Minority Leader Mitch McConnell as a signatory, on Fox News's Sunday Morning Futures, Lee said it was"imperative" for McCarthy to enter the White House"in a position of negotiating power.
Lee went on to say that two other Senate Republicans privately expressed support for the letter but declined to sign"for strategic reasons." Those senators"indicated that they will stand with us in the votes," he said, adding that there were"a couple of others who may yet decide to join us yet." The debt ceiling, or the top amount the federal government can borrow, will either need to be raised or abolished sometime this summer to avert a debt default. Economists have long warned that such a default would wreak havoc on the economy.
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