[U.S. Senate Republican Leader McConnell: suggest Biden raise the debt ceiling by negotiating spending levels with the Speaker of the House of Representatives] Financial Associated Press, May 10, U.S. Senate Republican leader McConnell said, Biden needs to negotiate spending with House Speaker McCarthy; Biden has been absent from the debt ceiling negotiations. My advice to Biden is to raise the debt ceiling by negotiating spending levels with McCarthy; Biden's actions will either prevent default, require the US to default on its debt, or guarantee default.