Negotiations came to an abrupt standstill earlier in the day when McCarthy said it’s time to “pause” talks. But the negotiating teams convened again in the evening only to quickly call it quits for the night.
Another Republican negotiator, Rep. Patrick McHenry of North Carolina, was asked if he was confident an agreement over budget issues could be reached with the White House. He replied, “No.” He added: "President Biden will not accept a wishlist of extreme MAGA priorities that would punish the middle class and neediest Americans and set our economic progress back."
Republicans argue the nation's deficit spending needs to get under control, aiming to roll back spending to fiscal 2022 levels and restrict future growth. But Biden's team is countering that the caps Republicans proposed in their House-passed bill would amount to 30% reductions in some programs if Defense and veterans are spared, according to a memo from the Office of Management and Budget.
“Look, we can’t be spending more money next year,” McCarthy said at the Capitol. "We have to spend less than we spent the year before. It’s pretty easy.” Biden is facing increased pushback from Democrats, particularly progressives, who argue the reductions will fall too heavily on domestic programs that Americans rely on.to raise the debt ceiling on his own, an idea that raises legal questions and that the president has so far said he is not inclined to consider.
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