Biden calls on House Republicans to raise debt ceiling, Biden responds

Heather Boushey, a member of the Council of Economic Advisers and Chief Economist to the Invest in America Cabinet, spoke about the urgency of dealing with the debt ceiling crisis, as a two-week recess is set to begin on Thursday.

She told Bloomberg TV that nothing could be more important than not adding to the challenges that this economy faces by playing with the debt ceiling.

Boushey said that the speaker repeatedly voted to increase the debt ceiling in previous administrations. This is something that Congress has done well, but it has not been taken to the brink. It is so important that they get this done.

With each passing day, I am very concerned that you are putting an already fragile economy in jeopardy because you insist on your extreme position of refusing to negotiate any meaningful changes to out-of-control government spending alongside an increase in the debt limit, he wrote.

McCarthy said that they were on the clock and that they were on the clock.

Biden's response: On Tuesday, Biden called on McCarthy to put forward their budget plan.

I hope that House Republicans can present the American public with a budget plan before the Congress leaves for Easter recess so that we can have an in-depth conversation when we return. As I have said, that conversation must be separate from the prompt action on the Congress' basic obligation to pay the Nation's bills and avoid economic catastrophe, Biden wrote in his letter.