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Axios

Politics

Biden officials quietly discussing lame-duck debt ceiling deal in case GOP wins House

Joe Biden Republican Party White House Kevin McCarthy Barack Obama Jeanne Shaheen Economy Republican

The Biden administration is in early, quiet discussions with key Senate offices about raising the debt ceiling in the lame-duck session of Congress, Axios has learned.

Why it matters: The preliminary conversations reveal two political near-certainties gripping Washington: Republicans are likely to win control of the House, and a potential Speaker Kevin McCarthy would use the debt ceiling to extract painful spending cuts from the White House — even if it threatens to crash the economy.

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