[1/3] U.S. House Speaker Kevin McCarthy (R-CA) delivers remarks on the debt ceiling, outside of his office on Capitol Hill in Washington, U.S., February 6, 2023.
REUTERS/Evelyn HocksteinWASHINGTON, Feb 6 (Reuters) - Republican U.S. House Speaker Kevin McCarthy called on Democratic President Joe Biden to agree to compromises and spending cuts, as the two remain deadlocked over raising the nation's $31.4 trillion debt ceiling.
The White House has said Biden will discuss federal spending cuts with Republicans, but only after the debt ceiling is lifted, while McCarthy has said Republicans will only lift the ceiling if Biden agrees to spending cuts.
House Republicans want to use the debt ceiling, which covers the spending programs and tax cuts Congress previously approved, as leverage to push spending cuts, after two years of Democratic control of the House and the Senate.
(This story has been corrected to change the headline to specify that McCarthy is seeking a compromise on the debt ceiling, and not debt ceiling cuts)Reporting by David Morgan; Additional reporting by Doina Chiacu and Rami Ayyub; Editing by Scott Malone, Jonathan Oatis and Josie KaoOur Standards: The Thomson Reuters Trust Principles.