Debt limit negotiations between the White House and House Republicans appeared deadlocked during the weekend, as GOP lawmakers held tight to demands for sharp spending cuts, rejecting alternative ways to reduce deficits.
The GOP lawmakers are also seeking cuts to IRS funding and asking the White House to accept provisions from their proposed immigration overhaul.
The decision to set up a call came after another start-stop day with no outward signs of progress. Food was brought to the negotiating room at the Capitol on Saturday morning, only to be carted away hours later, and no meeting was expected. Talks, though, could resume on Sunday after the two leaders' conversation.
“If the president doesn’t re-engage, I don’t know the staff conversations can bear fruit,” Johnson said. But as the deadline approaches as soon as June 1 when Treasury says it could run out of cash, and Republicans put their own legislation on the table, the White House launched talks on a budget deal that could accompany an increase in the debt limit.
McCarthy had said resolution to the standoff is “easy,” if only Biden's team would agree to some spending cuts Republicans are demanding. The biggest impasse was over the fiscal 2024 top-line budget amount, according to another person briefed on the talks and granted anonymity to discuss them.
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Debt Limit Talks in Standstill as Republicans, White House Face ‘Real Differences’The Biden administration is racing to strike a deal with Republicans as the nation careens toward a potentially catastrophic debt default if the government fails to increase the borrowing limit, now at $31 trillion, to keep paying the nation’s bills.
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