He suggested a 30-day extension to avoid default in early September, if a compromise on discretionary spending caps can’t be reached
House Minority Leader Kevin McCarthy, R-Calif., is floating a fallback plan to pass a 30-day extension of the debt limit in the absence of a broader deal before the August recess. (Bill Clark/CQ Roll Call file photo)
The House’s top Republican suggested that lawmakers pass a 30-day extension of the debt ceiling to avoid default in early September, if Democrats and the White House can’t agree on compromise discretionary spending caps before leaving for the summer break.
“We should not leave for August without dealing with that. And I would say if we can’t get this done, we should do a 30-day [stopgap],” McCarthy told reporters Tuesday. He also said lawmakers ought to stay in town a few days past July 26, when House lawmakers are currently scheduled to leave town, if necessary. The Senate is slated to be in session for an extra week.