May 12, 2023
Senate Majority Leader Chuck Schumer (D-N.Y.) said Wednesday that Speaker Kevin McCarthy (R-Calif.) was the “lone holdout” on taking a potential federal default off the table at a meeting with President Biden and congressional leaders at the White House.
Schumer made the claim on the Senate floor in an attempt to drive a wedge between McCarthy and Senate Republican Leader Mitch McConnell (R-Ky.), who pledged after Tuesday’s meeting that the United States will not default.
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