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Debt ceiling demands and red lines for the White House and Republicans

Debt ceiling demands and red lines for the White House and Republicans

CBSN
Wednesday, May 17, 2023 09:58:10 PM UTC

As negotiating teams for President Joe Biden and House Speaker Kevin McCarthy work on hammering out a deal to raise or suspend the debt ceiling — with under two weeks until a possible U.S. default — each side has demands, and so-called red lines have been drawn.

Democrats want "clean" legislation, a debt ceiling increase without conditions. They reason that negotiations on spending and the budget can be undertaken after the debt ceiling is resolved. That's not a solution Republicans like much. 

Republicans are holding out for spending cuts and other provisions. Here are some of them — and how they're being received.

Read full story on CBSN
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