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Biden Capitulates to McCarthy on Key Point in Debt Crisis

Chances of default suddenly start to ebb as talks begin.

AP/Susan Walsh
Speaker McCarthy and the Senate minority leader, Mitch McConnell, outside of the White House, May 9, 2023, following a meeting with President Biden on the debt limit. AP/Susan Walsh
LAWRENCE KUDLOW
LAWRENCE KUDLOW

Now, I want to turn briefly to the debt ceiling talks. However the mainstream press plays it, or the White House for that matter, the fact is that Speaker McCarthy has knocked President Biden off his clean debt ceiling perch, and has already achieved a major victory in the battle of the budget. Why?  

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LAWRENCE KUDLOW
LAWRENCE KUDLOW

Mr. Kudlow is a Fox News Media contributor. His show “Kudlow” airs at 4 pm ET weekdays. He is also syndicated radio host of “The Larry Kudlow Show” that broadcasts every Saturday from 10 am to 1 pm ET.

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