Biden and McCarthy meet as White House aides envision a debt ceiling off-ramp

  • 📰 politico
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 59%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Biden's meeting with McCarthy to discuss the lifting of the nation’s debt ceiling today will kick off what’s likely to be a drawn-out fight over the nation’s fiscal path — one that could lead to an economic catastrophe.

on Wednesday to discuss the lifting of the nation’s debt ceiling, it will kick off what’s likely to be a drawn-out fight over the nation’s fiscal path — one that could lead to an economic catastrophe.

Instead, Biden officials have privately discussed the potential for a compromise that heads off a debt ceiling crisis while separately granting McCarthy small concessions that would allow him to save face with his party — such as creating a commission to study and propose future spending reforms. “Every indication is that absent radical budget cuts and slashing some of the programs that Biden championed, the right wing of the House Republican caucus is not going to go along,” said one Biden economic adviser. “McCarthy has not yet demonstrated that he can get the maximalists in his party to agree to anything other than the maximal position.”

“What you’re not going to see is either party move their position,” the Biden adviser said. “This is the meeting where folks scope things out and get a sense of where everybody is.” The White House plans to release its budget proposal on March 9, offering what officials hope will provide a clear contrast with Republicans’ demands and sharpen the public debate over lifting the debt ceiling.

 

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

As long as there is ice cream and the Easter bunny to reel him in I think it will go swimmingly

Why the drama? Biden will explain how this really works. Full stop

kidnaping- the way how ukrainian government does military recruiting of 'free' people, what Ukrainians die for if regime the same?

We have no faith in McCarthy.

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:

 /  🏆 381. 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.

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 »

McCarthy heads to White House with a threat, but without a planWhat’s scarier than a Republican debt ceiling crisis? A Republican debt ceiling crisis launched by officials who haven't a clue what they’re doing. (via MaddowBlog) MaddowBlog Democrats created the problem by over spending the last 2 year. There answer to the crisis 'Raise The Debt Ceiling ' MaddowBlog What’s scarier that liberal media is backing up democrats. Democrats want a blank check to do unnecessary spending. That devalues the dollar and put us in a Great Depression like the 1930’s. MaddowBlog Why was the US Government funding biolabs in Ukraine? Why not fund them in America? Now you know why Russia attacked Ukraine. Now you know why the corrupt are dead set on starting a war. Now you know why our taxpayers dollars are going to Ukraine. They want the evidence destroyed
Source: MSNBC - 🏆 469. / 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 »