Biden and McCarthy to meet on Monday to negotiate directly on debt ceiling

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Pres. Biden and Speaker McCarthy set to meet to negotiate directly on debt ceiling.

Talking with reporters in Hiroshima, Japan, before he spoke with McCarthy, Biden emphasized that the only deal to be made was through bipartisan negotiations.

"I'm not going to agree to a deal that protects, for example, a $30 billion tax break for the oil industry, which made $200 billion last year. They don't need an incentive of another $30 billion, while putting health care of 21 million Americans at risk by going after Medicaid," he said. McCarthy said earlier this weekend that the debt talks would be paused until after Biden returned from overseas, contending that "the White House moved backwards" during bargaining.

 

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