White House to tap business leaders to push Republicans on debt ceiling – source

Published by
Reuters

By Jeff Mason WASHINGTON (Reuters) – The White House is asking business leaders to meet with President Joe Biden on Wednesday about the need to raise the U.S. debt ceiling, according to a person familiar with the plans. The proposed meeting is part of a broader White House strategy to pressure Republicans to vote for a debt ceiling increase or allow Biden’s Democrats to increase it alone, without throwing procedural hurdles in the way. The Treasury Department has estimated that it has until roughly Oct. 18 for Congress to raise the government’s $28.4 trillion borrowing limit or risk a debt def…

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