Biden has said he will consider spending cuts but has called Republican proposals “extreme” and “unacceptable”, saying he will not back subsidies for big energy companies and “wealthy tax cheats” or put healthcare and food assistance at risk.
Seated beside the president in the Oval Office, McCarthy said: “I think at the end of the day we can find common ground” but differences remained. In a brief post-meeting statement, Biden called the session productive but merely added that he, McCarthy and their lead negotiators “will continue to discuss the path forward”. Biden said all agreed that “default is not really on the table”.“I think we will” default, the staffer said. “I think most Housewant a default so even if McCarthy could make a deal he won’t have the votes to pass it.”
President Joe Biden meets with Speaker of the US House of Representatives, Kevin McCarthy, in the Oval Office., a response by Congress to US entry into the first world war. For most of the next 100 years, raising the ceiling was a formal process, if often subject to political grandstanding.
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