Biden and McCarthy set to meet to talk about the debt ceiling stalemate

  • 📰 NPR
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

House Speaker Kevin McCarthy and President Biden will meet today to discuss how to avoid a default on U.S. debt. McCarthy said he hopes to find 'common ground' to cut 'wasteful' government spending.

President Joe Biden, right, talks with Rep. Kevin McCarthy of Calif., left, after an event in the Rose Garden of the White House in July 26, 2021. The president and the House speaker are preparing for their first official visit at the White House on Wednesday, ahead of a looming debt crisis.President Joe Biden, right, talks with Rep. Kevin McCarthy of Calif., left, after an event in the Rose Garden of the White House in July 26, 2021.

The federal government reached its $31.4 trillion debt limit earlier this month, and since then the Treasury Department has been takingto ensure the country pays its bills and avoids a default. But those measures could be exhausted as early as June, Treasury Secretary Janet Yellen says. That means Congress has to act, by either raising or suspending the debt limit. Failing to do so would mean an unprecedented and

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Get smart McCarthy. Your caucus sucks. Get help so you can govern from the middle of both sides away from the crazies from both sides of the isle.

I hope they’re referring to billions upon billions of taxpayer money sent overseas even to countries who hate the US.

asmamk inskeep I keep thinking about the lead in to this piece…some vote Yes to spend, but No to pay for that spending! I think knowing who splits their vote is news! Seems indecisive/hypocritical? Can you please publish the names of those lawmakers?

Mafia bosses discussing how to divide up money scammed from US taxpayers...

The best thing about Biden is his obvious innate optimism, faith in fellow humans & in positive outcome while still being able to respectfully call out obvious bs. I don't agree with all he says or does, but that is a remarkable trait to have.

Easy cut military budget. They got the biggest budget

Oh? No kidding.

Rip medicare and social security, hello new taxes on the poor

Democrats have done enough damage

Cut the current pay rates, and benefits packages that elected officials get. Show us your serious. Stop living like kings and queens while telling the rest of us to cut back.

Like salary and benefit paid to Mr. Santos?

Anyone else wish they would televise President Biden's 'now listen up, Sparky, this is how this is going to go' chat with little Kevin?

This is just a stupid PR stunt. There is nothing serious about Kevin. So I will just roll my eyes and scroll by. POTUS is correct to treat it as a stunt.

Great, Kevin. Cut military spending in half.

Biden is senile

Nope

The national debt level rose by $7.8 trillion during Trump’s four years as president, nearly 25% of the current $31 trillion in national debt. GOP SpeakerMcCarthy stop grandstanding and pay your bills!

$140 billion for Ukraine. Americans on the street. Start there.

Cutting wasteful spending can start with the defense budget

Wasteful spending = McCarthy and most Republican Congressional salaries.

Ha! Wasteful government spending? How soon McCarthy and the GOP forget that during their recent 4-yr tenure in the WH they managed to increase U.S. debt more than any other presidency? He has no room to negotiate.

WastefulSpending 👉 Subsidies to companies with tens of billions of dollars in profits. e.g.: Exxon et al.

If the debt ceiling isn’t raised, every single wealthy hundred millionaire Republican’s portfolio would be so adversely affected they’d all jump off of the top of the capitol building. Unless Biden actively wants to cut Social Security and Medicaid… why would he meet with him?

Cutting McCarthy's salary would be a great first step. Why pay someone to lie & deal with GOP liars & frauds?

Biden won’t budge. Kevin will cave.

It’s always hilarious when republicans perpetuate all the deficit spending and then stand on the house floor with their hands in the air screaming “how did this happen” as if they had nothing to do with it despite the documented history that proves otherwise.

Wasteful spending 👉 lifetime payments to former house, senate, and executive members.

America does not negotiate with terrorists, foreign or domestic.

Good luck, Joe. Kevin is an empty suit.

Maybe now we see the deals the Speaker struck to get his job; or maybe we will see the Rs budget. We will see!

McCarthy has no control. He is a puppet for the extremists in his party.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 96. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

House Speaker McCarthy, Biden to discuss debt limit and spending on WednesdayPresident Joe Biden and House of Representatives Speaker Kevin McCarthy will meet at the White House on Wednesday for talks in the standoff over the federal debt ceiling and prospect for a U.S. default.
Source: KSLcom - 🏆 549. / 51 Read more »

House GOP sets its expectations low for McCarthy-Biden debt meetingThe GOP is entertaining hope that the president shows a shred of openness to taking its demands seriously, even as very few of its members specify what they want Joe Biden to negotiate on. Biden wants to raise the borrowing limit to spend more money Hard to take any party seriously after nominating circus clown donald trump What demands? They haven’t made any demands.
Source: politico - 🏆 381. / 59 Read more »

White House escalates war of words with GOP ahead of Biden-McCarthy debt limit meetingWhite House principal deputy press secretary Olivia Dalton prodded House Speaker Kevin McCarthy (R-CA) Tuesday over his entitlements voting record, just one day before he and President Joe Biden are scheduled to meet and discuss a path forward to raising the debt limit.
Source: dcexaminer - 🏆 6. / 94 Read more »

Biden, McCarthy to meet at White House amid debt ceiling fightPresident Biden, House Speaker Kevin McCarthy to meet at the White House Wednesday to discuss a range of issues, including ways to reach an agreement to raise the debt ceiling. Send a few Billion to Ukraine, eh Joey, it wont hurt, never mind the homeless or student debt relief you promised, make another ad with Bernie...? Maybe McCarthy can talk some sense into Biden. The USA is running out of food!
Source: FoxNews - 🏆 9. / 87 Read more »

Biden, McCarthy to discuss debt limit in talks on WednesdayHouse Speaker Kevin McCarthy said Sunday he is looking forward to discussing with President Joe Biden a “reasonable and responsible way that we can lift the debt ceiling ” 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.
Source: YahooNews - 🏆 380. / 59 Read more »