Tim Scott: Debt ceiling deal would give Biden "open checkbook"

• "The fact that the current deal allows for him to continue to spend, however much he does with no limit, is something that I can't support," Scott told Axios' Sophia Cai during his first in-person event since announcing his 2024 presidential bid.
• Yes, but: Scott lauded McCarthy, who has faced threats to his speakership over the debt ceiling deal, saying: "[McCarthy] did a good job of figuring out how to negotiate with someone who did not want to negotiate."

The big picture: Scott, one of the most prominent Black Republicans, officially launched his 2024 presidential bid last week, presenting himself as a candidate focused on "freedom and hope and opportunity."

• Scott's remarks come as House leaders are growing confident that the chamber could approve the debt ceiling deal as soon as Wednesday.

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