President Joe Biden will not negotiate over the debt ceiling during his meeting with four top congressional leaders on May 9, but he will discuss starting 'a separate budget process' to talk about spending priorities, the White House said on Tuesday.
U.S. President Joe Biden delivers remarks during an event marking National Small Business Week, in the Rose Garden of the White House in Washington, U.S., May 1, 2023. REUTERS/Leah Millis/File Photo
"He is not going to negotiate on the debt ceiling," White House press secretary Karine Jean-Pierre said. But the president "is willing to have a separate conversation about their spending, what they want to do with the budget." The White House and Biden have previously asked Republicans for a clean debt ceiling hike and offered to discuss spending once the risk of default is off the table. Biden's position to discuss spending reflects a subtle shift in the White House's position to have discussions even as the risk of default looms.
The White House knew Yellen's letter would be released on Monday, Jean-Pierre said. The president thought it was a "good opportunity to remind Congressional leaders that we must not default," she said.in Jerusalem, where he is on a diplomatic trip, to invite him to the May 9 White House meeting. The two leaders haven't sat down to discuss the issue since February.
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