With negotiations over avoiding a default on the country's credit limit stalled, House Speaker Kevin McCarthy told reporters Thursday that the GOP-led House may move its own bill.
"If the president doesn't act, we will," McCarthy said, indicating he's nearing agreement among his members on a plan. He said the House could vote on legislation that is modeled on a letter he sent earlier in the week to Biden that proposed lowered spending levels and floated adding several policy proposals to a package to increase the debt ceiling.
