American politician, 55th Speaker of the United States House of Representatives
Republicans, meanwhile, are entering the debt ceiling talks more unified than ever, with Senate GOP Leader Mitch McConnell signing on to a letter with 42 other Senate Republicans backing McCarthy’s position that it is time for the White House to agree to spending cuts as part of a deal. The GOP unity, though, masks real worries on the Republican side. A number of House Republican lawmakers backed the GOP debt ceiling bill – which was intended to bring Biden to the negotiating table – only because they believe it will never become law, and objected to some of the details.
“What we hope comes out of this is that Speaker McCarthy does the right thing,” press secretary Karine Jean-Pierre said. “The president’s going to be as clear as he’s been these last several months… which is, they need to do their job. They need to get this done on the behalf of the American people and do their jobs.”
McHenry, who previously said he had “complete and utter pessimism” that any agreement could be reached, slightly upgraded his stance Sunday to “some level of modest pessimism now.”Other congressional Republicans are holding out hope that Tuesday’s meeting could produce some fruit. Biden has much bigger problems when it comes to the economy and with inflation remaining at an all time high. Should a debt limit agreement not be reached, it could set off a financial crisis that his own Treasury Secretary characterized as a “catastrophe.” That would deal yet another blow to his reelection campaign as recent polls show most American feel they were better off financially under Trump.
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