On debt ceiling, Biden, McCarthy to meet Monday as negotiators 'keep working' to resolve standoff
President Joe Biden and House Speaker Kevin McCarthy spoke by phone Sunday while the president was returning home on Air Force One after the Group of Seven summit in Japan. They plan to meet Monday at the White House.
바카라 게임 웹사이트It went well, we바카라 게임 웹사이트ll talk tomorrow,바카라 게임 웹사이트 Biden said of the phone call as he arrived back in Washington late in the evening.
Upbeat, McCarthy, R-Calif., told reporters at the Capitol that the call was 바카라 게임 웹사이트productive" and that the on-again, off-again negotiations between his staff and White House representatives are focused on spending cuts.
Negotiators for the Democratic president and Republican speaker met for 2 1/2 hours at the Capitol as talks appear to be narrowing on a 2024 budget year cap that would be key to resolving the standoff. 바카라 게임 웹사이트We'll keep working,바카라 게임 웹사이트 said Steve Ricchetti, counselor to the president, as the White House team exited. The Republicans were not seen leaving the speaker's office and offered no immediate comment after the talks.
They all face a deadline, as soon as June 1, when the government could run out of cash to pay its bills. Treasury Secretary Janet Yellen said Sunday that June 1 is a 바카라 게임 웹사이트hard deadline.바카라 게임 웹사이트
McCarthy said after his call with Biden that "I think we can solve some of these problems if he understands what we're looking at." The speaker added, "But I've been very clear to him from the very beginning. We have to spend less money than we spent last year."
McCarthy emerged from that conversation sounding optimistic and was careful not to criticize Biden's trip, as he had before. He did caution, 바카라 게임 웹사이트There바카라 게임 웹사이트s no agreement on anything.바카라 게임 웹사이트
Video below: Biden delivers debt ceiling warning while sharply criticizing Republicans
바카라 게임 웹사이트We바카라 게임 웹사이트re looking at, how do we have a victory for this country?" McCarthy said. He said he did not think the final legislation would remake the federal budget and the country's debt, but at least 바카라 게임 웹사이트put us on a path to change the behavior of this runaway spending.바카라 게임 웹사이트
The White House confirmed the Monday meeting and late Sunday talks but did not elaborate on the leaders' call.
Earlier, Biden used his concluding news conference in Hiroshima, Japan, to warn House Republicans that they must move off their over raising the debt limit and that there would be no agreement to avoid a catastrophic default only on their terms.
Biden said 바카라 게임 웹사이트it's time for Republicans to accept that there is no deal to be made solely, solely, on their partisan terms.바카라 게임 웹사이트 He said he had done his part in attempting to raise the borrowing limit so the government can keep paying its bills, by agreeing to significant cuts in spending. 바카라 게임 웹사이트Now it바카라 게임 웹사이트s time for the other side to move from their extreme position."
Biden had been scheduled to travel from Hiroshima to and Australia, but in light of the strained negotiations with Capitol Hill.
Even with a new wave of tax revenue expected soon, perhaps giving both sides more time to negotiate, Yellen said on NBC바카라 게임 웹사이트s 바카라 게임 웹사이트Meet the Press바카라 게임 웹사이트 that "the odds of reaching June 15, while being able to pay all of our bills, is quite low.바카라 게임 웹사이트
GOP lawmakers are holding tight to demands for sharp spending cuts with caps on future spending, rejecting the alternatives proposed by the White House for reducing deficits in part with revenue from taxes.
Republicans want to roll back next year's spending to 2022 levels, but the White House has proposed keeping 2024 the same as it is now, in the 2023 budget year. Republicans initially sought to impose spending caps for 10 years, though the latest proposal narrowed that to about six. The White House wants a two-year budget deal.
A compromise on those topline spending levels would enable McCarthy to deliver for conservatives, while not being so severe that it would chase off the Democratic votes that would be needed in the divided Congress to pass any bill.
Top Republican negotiator Rep. Garret Graves of Louisiana, speaking alongside McCarthy at the Capitol, said the numbers 바카라 게임 웹사이트are the foundation바카라 게임 웹사이트 of any agreement.
health care program, though the Biden administration has countered that millions of people could lose coverage. The GOP additionally introduced new cuts to food aid by restricting states바카라 게임 웹사이트 ability to waive work requirements in places with high joblessness. That idea, when floated under President Donald Trump, was estimated to cause 700,000 people to lose their food benefits.
GOP lawmakers are also seeking cuts in IRS money and, by sparing Defense and Veterans accounts from reductions, would shift the bulk of spending reductions to other federal programs.
The White House has countered by keeping defense and nondefense spending flat next year, which would save $90 billion in the 2024 budget year and $1 trillion over 10 years.
All sides have been eyeing the potential for the package to include a framework that would speed energy project developments.
And despite a push by Republicans for the White House to accept parts of their proposed immigration overhaul, McCarthy indicated the focus was on the House's previously approved debt and budget package.
바카라 게임 웹사이트I think that we can reach an agreement,바카라 게임 웹사이트 Biden said, though he added this about Republicans: 바카라 게임 웹사이트I can바카라 게임 웹사이트t guarantee that they wouldn바카라 게임 웹사이트t force a default by doing something outrageous.바카라 게임 웹사이트
Video below: President Biden says he is willing to cut spending in deal to raise the debt ceiling
Republicans had also rejected various White House revenue proposals. Among the proposals the GOP objects to are policies that would enable Medicare to pay less for prescription drugs. Republicans also have refused to roll back Trump-era tax breaks on corporations and wealthy households as Biden바카라 게임 웹사이트s own budget has proposed.
For months, Biden had refused to engage in talks over the debt limit, contending that Republicans in Congress were trying to use the borrowing limit vote as leverage to extract administration concessions on other policy priorities.
But with the June 1 potential deadline looming and Republicans putting their own legislation on the table, the White House launched talks on a budget deal that could accompany an increase in the debt limit.
Biden's decision to set up a call with McCarthy came after another start-stop day with no outward signs of progress.
The president tried to assure leaders attending the meeting of the world바카라 게임 웹사이트s most powerful democracies that the United States would not default. U.S. officials said leaders were concerned, but largely confident that Biden and American lawmakers would resolve the crisis.
The president, though, said he was ruling out the possibility of taking action on his own to avoid a default. Any such steps, including as a solution, would become tied up in the courts.
바카라 게임 웹사이트That바카라 게임 웹사이트s a question that I think is unresolved," Biden said, adding he hopes to try to get the judiciary to weigh in on the notion for the future.