Kevin McCarthy tells Biden time is running out to negotiate debt ceiling

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 73 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 51%

Loans Loans Headlines News

Kevin McCarthy tells Biden time is running out to negotiate spending cuts to raise the debt ceiling — even as Republicans have yet to put forth a concrete plan

, but since then, Biden has remained adamant that raising the debt ceiling, and keeping the US on top of paying its bills, should be a clean — and bipartisan — deal.

McCarthy and his colleagues disagree. They have vowed to use raising the debt ceiling as leverage to achieve their own priorities, like major spending cuts, and they want Biden to come to the bargaining table before the country defaults. The White House did not immediately respond to Insider's request for comment on the letter.

"With each passing day, I am incredibly concerned that you are putting an already fragile economy in jeopardy by insisting upon your extreme position of refusing to negotiate any meaningful changes to out-of-control government spending alongside an increase of the debt limit," McCarthy wrote in his letter.

"Your position—if maintained—could prevent America from meeting its obligations and hold dire ramifications for the entire nation," he continued.Democrats are still waiting for a concrete plan from Republicans on what exactly they want to cut to raise the debt ceiling. "It's time for Republicans to stop playing games, pass a clean debt ceiling bill, and quit threatening our economic recovery," Press Secretary Karine Jean-Pierre said in a."The President welcomes a separate conversation about our nation's fiscal future. Earlier this month, he released a budget that cuts the deficit by nearly $3 trillion while lowering costs for families and investing in America. Speaker McCarthy and his extreme MAGA caucus have refused to put out a budget.

 

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

Hahah! Republicans hey, we don’t like your ideas but we don’t have any of our own. Ohh did we say how shit your ideas are 😂😂

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:

 /  🏆 729. 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.

Kevin McCarthy outlines broad goals for debt limit talks with BidenHouse Speaker Kevin McCarthy presented on Tuesday a set of broad goals that would need to be met in exchange for raising the debt limit.
Source: WashTimes - 🏆 235. / 63 Read more »

House Speaker Kevin McCarthy says Biden ‘missing’ from debt talksHouse Speaker Kevin McCarthy (R-Calif.) pressed President Biden on Tuesday to kickstart talks over raising the nation’s debt ceiling, saying the White House has been “completely missing in action” …
Source: nypost - 🏆 91. / 67 Read more »

McCarthy asks Biden to restart talks on budget, debt limitIn a letter, House Speaker Kevin McCarthy pressed President Biden to “please have your team reach out to mine to the end of this week to set a date for our next meeting.” The two have not sat down together to discuss the debt ceiling since early February. The subtext: The Speaker of the House can't get a meeting with Biden, lol. Kevin won't even come up with a budget, what's to negotiate? McCarthy is not a serious man. He wants to default on the national debt as a predicate for opening negotiations to cut every program he doesn't personally agree with.
Source: axios - 🏆 302. / 63 Read more »

McCarthy says Biden 'completely missing in action' on debt limit negotiationsHouse Speaker Kevin McCarthy accused President Biden of being “completely missing in action' on the debt limit negotiations and urged him to work with Republicans on an answer. God just made a narrow road for us so we have to stay focused on the goal. Bullshit. He set his terms after negotiation months ago. Nothing will pass his desk until they're met. He told you multiple times Cowardly Kev. There's nothing to negotiate if SpeakerMcCarthy can't get his caucus to agree that SS and medicare are things in this country 😂 Biden POTUS POTUS
Source: FoxNews - 🏆 9. / 87 Read more »