From Washington: U.S. Debt Ceiling Sparks Debate Over Spending

According to the Treasury Department, the United States reached its $31 trillion limit on Thursday. With the risk of a default in June, Congress must act swiftly to protect the federal government’s credit. While Speaker McCarthy is calling for negotiations with the President to discuss spending cuts, the White House has insisted that raising the debt ceiling should have no conditions. FOX News Senior Congressional Correspondent Chad Pergram discusses how Speaker McCarthy and President Biden can work to find a solution, what negotiations could be on the table, and the future for Speaker McCarthy as he works to strike deals within the new Congress.

On Tuesday, the Washington D.C. City Council voted to overturn Mayor Muriel Bowser’s veto of the Revised Criminal Reform Act. The bill included policies that many deemed to be “soft on crime,” including the elimination of almost all mandatory minimum sentences, restore the right to a jury trial for misdemeanor sentences, and reduce maximum sentences for certain offenses. Advocates for the bill have argued that it’s necessary for the modernization of the current criminal code. FOX News Washington Correspondent Mark Meredith explains what the package contains, its national implications, and how it could face pushback from Congress.