“We’ll keep working,” said Steve Ricchetti, counselor to the president, as the White House team exited talks late Sunday.
Earlier, Biden used his concluding news conference in Hiroshima, Japan, to warn House Republicans that they must move off their “extreme positions” over raising the debt limit and that there would be no agreement to avoid a catastrophic default only on their terms.Article content A compromise on those topline spending levels would enable McCarthy to deliver for conservatives, while not being so severe that it would chase off the Democratic votes that would be needed in the divided Congress to pass any bill.
The White House has countered by keeping defense and nondefense spending flat next year, which would save $90 billion in the 2024 budget year and $1 trillion over 10 years. Republicans had also rejected various White House revenue proposals, with McCarthy insisting personally in his conversations to Biden that tax hikes are off the table.
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