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Biden, McCarthy to discuss debt limit in talks this week

Biden, McCarthy to discuss debt limit in talks this week
get the facts on the debt ceiling. The debt ceiling is *** cap on how much the country can borrow to pay for what's already been spent. This is like paying off your credit card with money you're borrowing from someone else. It's not *** green light to spend more over the years. Both parties have contributed to the rising debt with massive space packages and tax cuts. The U. S. Spends more than it brings in. So most of that is paid for by borrowing money. If the amount the government owes hits the ceiling, we default, which is why congress is constantly lifting or waving the limit defaulting on the debt has some real life consequences as well. The Treasury has to start pinching pennies. That means people relying on Social Security or veterans benefits don't get the money they're owed. Even some of your interest payments could go up on things like car loans or mortgages. While most major countries borrow to pay for programs. The United States is only one of *** few to have this type of limit. Some economists say we could get rid of it altogether or at least change the rules. So it's *** financial decision, not *** political one, helping you get the facts. I'm Kayla Norwood
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Biden, McCarthy to discuss debt limit in talks this week
House Speaker Kevin McCarthy said Sunday he is looking forward to discussing with President Joe Biden a 바카라 게임 웹사이트reasonable and responsible way that we can lift the debt ceiling 바카라 게임 웹사이트 when the two meet Wednesday for their first sit-down at the White House since McCarthy was elected to the post.McCarthy, R-Calif., said he wants to address spending cuts along with raising the debt limit, even though the White House has ruled out linking those two issues together as the government tries to avoid a potentially devastating financial default.The speaker pledged that cuts to Social Security and Medicare would be off the table.바카라 게임 웹사이트I know the president said he didn바카라 게임 웹사이트t want to have any discussion (on cuts), but I think it바카라 게임 웹사이트s very important that our whole government is designed to find compromise,바카라 게임 웹사이트 McCarthy told CBS' 바카라 게임 웹사이트Face the Nation.바카라 게임 웹사이트 바카라 게임 웹사이트I want to sit down together, work out an agreement that we can move forward to put us on a path to balance 바카라 게임 웹사이트 and at the same time not put any of our debt in jeopardy at the same time.바카라 게임 웹사이트Asked whether he would make a guarantee, McCarthy said, "There will not be a default,바카라 게임 웹사이트 though he suggested that declaration depended on the willingness of Biden and Democrats to negotiate.After McCarthy disclosed the upcoming meeting during the television interview, the White House provided confirmation.McCarthy was elected speaker on a historic post-midnight 15th ballot early on Jan. 7, overcoming holdouts from his own ranks and tensions that have tested the new GOP majority ability to govern.Word of the long-awaited White House meeting comes at a time of divided government in Washington with a debt ceiling crisis brewing and House Republicans ready for confrontation.McCarthy has been eager to push Biden to the negotiating table, hoping to make good on the promises the GOP leader made to holdouts during his campaign to become speaker to pare federal spending back to 2022 budget levels, which would be a sizable 8% budget cut.The White House has made clear that Biden is not willing to entertain policy concessions in exchange for lifting the debt limit, which is the nation바카라 게임 웹사이트s borrowing authority. The United States bumped up against that limit earlier this month, and the Treasury Department has deployed 바카라 게임 웹사이트extraordinary measures바카라 게임 웹사이트 to stave off a potential default for at least a few more months.Biden himself has scoffed at the idea of negotiating spending cuts, telling Democratic congressional leaders last week that Republicans were 바카라 게임 웹사이트genuinely serious about cutting Social Security, cutting Medicare.바카라 게임 웹사이트On Sunday, when McCarthy was asked if he would push cuts to those programs, he said, 바카라 게임 웹사이트Let바카라 게임 웹사이트s take those off the table.바카라 게임 웹사이트 Pressed on possible defense cuts that he may have promised to House conservatives, McCarthy responded: 바카라 게임 웹사이트I want to eliminate waste wherever it is. ... I want to look at every single department.바카라 게임 웹사이트Washington Rep. Adam Smith, the top Democrat on the House Armed Services Committee, said his party supports a clear fiscal plan for the future but that Republicans have been disingenuous in addressing the issue."We shouldn바카라 게임 웹사이트t be negotiating over whether or not we should pay our bills. That's our position," Smith told 바카라 게임 웹사이트Fox 온라인 바카라 게임 Sunday.바카라 게임 웹사이트 "Right now, the Republicans don바카라 게임 웹사이트t have a plan. Their plan, as led by the extremists in their party, is to complain about spending, not raise the debt ceiling, but not actually offer a plan that says, 바카라 게임 웹사이트This is what we바카라 게임 웹사이트re going to cut.바카라 게임 웹사이트"The coming debt limit showdown has a familiar precedent.A little more than a decade ago, a new generation of tea party House Republicans swept to power, eager to confront the Obama administration to slash federal spending and curb the nation바카라 게임 웹사이트s ballooning debt load. As vice president at the time, Biden was central to those negotiations. But House Republicans and the White House could never strike a deal, causing a fiscal crisis. This time, Biden and his Democratic allies in Congress are in no mood to broker deals with a new era of hard-line Republicans led by the Freedom Caucus.McCarthy pointed to Biden바카라 게임 웹사이트s previous experience in trying to negotiate spending cuts and said he바카라 게임 웹사이트s hopeful the president will be open to listening again.바카라 게임 웹사이트I think the president is going to be willing to make an agreement together,바카라 게임 웹사이트 McCarthy said.In an Associated Press interview last weekend, Treasury Secretary Janet Yellen said she expected Congress would ultimately vote to raise the limit. But she said GOP demands for spending cuts in return for backing an increase were 바카라 게임 웹사이트a very irresponsible thing to do바카라 게임 웹사이트 and risk creating a 바카라 게임 웹사이트self-imposed calamity바카라 게임 웹사이트 for the global economy.

House Speaker Kevin McCarthy said Sunday he is looking forward to discussing with President Joe Biden a 바카라 게임 웹사이트reasonable and responsible way that we can lift the 바카라 게임 웹사이트 when the two meet Wednesday for their first sit-down at the White House since McCarthy was .

McCarthy, R-Calif., said he wants to address spending cuts along with raising the debt limit, even though the White House has ruled out as the government tries to avoid a potentially devastating financial default.

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The speaker pledged that cuts to Social Security and Medicare would be off the table.

바카라 게임 웹사이트I know the president said he didn바카라 게임 웹사이트t want to have any discussion (on cuts), but I think it바카라 게임 웹사이트s very important that our whole government is designed to find compromise,바카라 게임 웹사이트 McCarthy told CBS' 바카라 게임 웹사이트Face the Nation.바카라 게임 웹사이트 바카라 게임 웹사이트I want to sit down together, work out an agreement that we can move forward to put us on a path to balance 바카라 게임 웹사이트 and at the same time not put any of our debt in jeopardy at the same time.바카라 게임 웹사이트

Asked whether he would make a guarantee, McCarthy said, "There will not be a default,바카라 게임 웹사이트 though he suggested that declaration depended on the willingness of Biden and Democrats to negotiate.

After McCarthy disclosed the upcoming meeting during the television interview, the White House provided confirmation.

McCarthy was elected speaker on a historic post-midnight 15th ballot early on Jan. 7, overcoming that have tested the new GOP majority ability to govern.

Word of the long-awaited White House meeting comes at a time of divided government in Washington with a debt ceiling crisis brewing and House Republicans ready for confrontation.

McCarthy has been eager to push Biden to the negotiating table, hoping to make good on the promises the GOP leader made to holdouts during his campaign to become speaker to pare federal spending back to 2022 budget levels, which would be a sizable 8% budget cut.

The White House to entertain policy concessions in exchange for lifting the debt limit, which is the nation바카라 게임 웹사이트s borrowing authority. The United States bumped up against that limit earlier this month, and the Treasury Department has deployed to stave off a potential default for at least a few more months.

Biden himself has scoffed at the idea of negotiating spending cuts, that Republicans were 바카라 게임 웹사이트genuinely serious about cutting Social Security, cutting Medicare.바카라 게임 웹사이트

On Sunday, when McCarthy was asked if he would push cuts to those programs, he said, 바카라 게임 웹사이트Let바카라 게임 웹사이트s take those off the table.바카라 게임 웹사이트 Pressed on possible defense cuts that he may have promised to House conservatives, McCarthy responded: 바카라 게임 웹사이트I want to eliminate waste wherever it is. ... I want to look at every single department.바카라 게임 웹사이트

Washington Rep. Adam Smith, the top Democrat on the House Armed Services Committee, said his party supports a clear fiscal plan for the future but that Republicans have been disingenuous in addressing the issue.

"We shouldn바카라 게임 웹사이트t be negotiating over whether or not we should pay our bills. That's our position," Smith told 바카라 게임 웹사이트Fox 온라인 바카라 게임 Sunday.바카라 게임 웹사이트 "Right now, the Republicans don바카라 게임 웹사이트t have a plan. Their plan, as led by the extremists in their party, is to complain about spending, not raise the debt ceiling, but not actually offer a plan that says, 바카라 게임 웹사이트This is what we바카라 게임 웹사이트re going to cut.바카라 게임 웹사이트"

The coming debt limit showdown has a familiar precedent.

A little more than a decade ago, a new generation of tea party House Republicans swept to power, eager to confront the Obama administration to slash federal spending and curb the nation바카라 게임 웹사이트s ballooning debt load. As vice president at the time, Biden was central to those negotiations. But House Republicans and the White House could never strike a deal, causing a fiscal crisis. This time, Biden and his Democratic allies in Congress are in no mood to broker deals with a new era of hard-line Republicans led by the Freedom Caucus.

McCarthy pointed to Biden바카라 게임 웹사이트s previous experience in trying to negotiate spending cuts and said he바카라 게임 웹사이트s hopeful the president will be open to listening again.

바카라 게임 웹사이트I think the president is going to be willing to make an agreement together,바카라 게임 웹사이트 McCarthy said.

last weekend, Treasury Secretary Janet Yellen said she expected Congress would ultimately vote to raise the limit. But she said GOP demands for spending cuts in return for backing an increase were 바카라 게임 웹사이트a very irresponsible thing to do바카라 게임 웹사이트 and risk creating a 바카라 게임 웹사이트self-imposed calamity바카라 게임 웹사이트 for the global economy.