.SpeakerMcCarthy warned Republican lawmakers that his team is “nowhere near a deal” with the White House on the debt ceiling, ramping up pressure on President JoeBiden just nine days before the default deadline.
In a closed-door meeting with GOP lawmakers on Tuesday, McCarthy told members a compromise on the debt ceiling was still far off, reiterating his position that he would not increase spending or raise the debt ceiling without conditions. Republicans emerged from the meeting wary of negotiators’ progress, telling reporters the talks are not going well so far.“We’re now at a moment where we need to close a deal before we get to brinkmanship and getting close to the X-date.
“The math is the math,” McHenry said. “Everybody’s trying to figure out some way to shimmy this thing around. It’s fundamental: You’re spending less money next year than you’re spending this year. Everything else can come into zone, but if you don’t get the spending question right, then that is fundamentally at odds with what House Republicans passed.”
“Janet Yellen couldn’t see inflation coming like an oncoming train,” said Rep. Matt Gaetz . “But she wanders out of some backroom in the White House with a Ouija board under her arm telling us the first of the month is the number. And we’re supposed to take that as some sort of article of faith.” “She should come to Congress and prove that,” Gaetz said. “I think she should come voluntarily. We shouldn’t have to execute a subpoena to get someone to come and show more of their work than your typical eighth grader with their algebra homework.”
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President Biden, House Speaker McCarthy to meet at White House over debt ceilingThe meeting Monday between the president and the new Republican speaker will be a race to prevent the looming debt crisis. There are 10 days until a potential default.
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McCarthy warns White House to reach debt-limit deal this weekHouse Speaker Kevin McCarthy warned Monday that any deal with President Biden over raising the debt limit must be completed by the end of this week to avert a default on the government’s obligations by June 1.
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Biden 'optimistic' on debt ceiling as White House negotiation with McCarthy underwayPresident Joe Biden and House Speaker Kevin McCarthy are meeting at the White House on the impasse over the government's debt ceiling. Washington is racing to strike a budget compromise and raise the nation’s borrowing limit in time to avert a potentially devastating federal default as soon as next week. Biden says he's optimisitic. McCarthy told reporters Monday it's time to “get moving” toward a deal. The negotiating teams wrapped up three hours of morning talks at the Capitol. After a weekend of start-stop talks, both Biden and McCarthy appeared upbeat as they face a deadline, as soon as June 1, when the government could run out of cash to pay its bills.
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No debt ceiling agreement in White House meeting, though Biden and McCarthy call talks productivePresident Biden and House Speaker Kevin McCarthy say they and their lead negotiators have had a productive meeting on the impasse over the government's debt ceiling.
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No debt ceiling agreement in White House meeting, though Biden and McCarthy call talks productivePresident Joe Biden and House Speaker Kevin McCarthy say they and their lead negotiators have had a productive meeting at the White House on the impasse over the government's debt ceiling
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Senior White House Official hints, “Keep working tonight” as Biden-McCarthy debt ceiling talks loomSenior White House Official hints, “Keep working tonight” as Biden-McCarthy debt ceiling talks loom – by anilpanchal7 UnitedStates FiscalPolicy Politics RiskAversion NewsTrading
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