Biden says he won't agree to debt ceiling deal solely on Republican terms as he leaves G7 summit

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At a news conference at the end of the G7 summit, President Biden said the two sides have not been able to resolve stark differences over spending and taxes, despite intensive negotiations in recent weeks.

At a news conference at the end of the

He added that he was prepared to cut spending but also wants to raise tax revenues as part of a balanced plan to reduce deficits. “I would just say that countries are keenly interested in what is a significant story,” Jake Sullivan, the White House national security adviser, told reporters over the weekend. “And the president has been able to tell them that he believes that we can get to a good result here.”

China receded as an agenda item and Ukraine became the dominant issue, the official said, speaking on condition of anonymity to talk more freely.

 

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