Smart analysis delivered to your in Sign up for the OnPolitics newsletter Sen. Ted Cruz, R-Texas., said during a Republican-led press conference on the debt limit Wednesday. "I can tell you a short-term extension and clean debt ceiling is not going to pass Congress," Sen. Republicans on Wednesday afternoon stood behind the GOP-led House bill that passed April 26, saying a short-term extension would only delay future negotiations. House Republicans insist they won't raise the borrowing limit unless Democrats agree to spending cuts. House Speaker Kevin McCarthy's proposal would curtail spending growth and impose policy changes that include eliminating Biden's student loan forgiveness plan and adding new work requirements for some people who receive food assistance and health coverage. The Biden administration and the GOP-controlled House have been in a standoff over the impending deadline. Treasury Secretary Janet Yellen warned Monday the federal government may default and reach its borrowing limit as soon as June 1. WASHINGTON − Lawmakers are turning their backs on passing a short-term debt limit increase that would delay a default on the nation’s debt as President Joe Biden and House Republicans remain gridlocked in negotiations over a debt ceiling bill.
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