‘It is possible to get a deal by the end of the week,' Republican House Speaker McCarthy said on a debt ceiling agreement. Democrats were not as positive about a quick time frame, though President Biden struck an upbeat tone
After an hour of talks, McCarthy, the speaker of the House of Representatives, told reporters the two sides remained far apart on an agreement to lift the debt ceiling. But he said, "It is possible to get a deal by the end of the week. It's not that difficult to get to an agreement."
Biden said he was disappointed that Republicans will not consider ways to raise revenue. Raising taxes on the wealthy and companies to help pay for programs for other Americans is a key part ofBiden met for about an hour with McCarthy, Senate Majority Leader Chuck Schumer, Senate Republican leader Mitch McConnell and House Democratic leader Hakeem Jeffries after their aides met over the weekend to try to strike a deal.
Biden and congressional leaders' staff have met several times over the past week on the issue. Going forward, the talks will be narrowed for more engagement between House Republicans and the White House, McCarthy said. Rohit Kumar, a former senior McConnell aide who is now co-leader of PwC's national tax office in Washington, said such direct negotiations had a proven track record. "It frees up the administration to make some necessary concessions that won't be popular with House and Senate Democrats but also won't imperil passage of an agreement," he said.U.S.
"We can raise the debt ceiling if we limit what we're going to spend in the future," McCarthy told reporters.In the past week, staffs for both sides have discussed a range of issues. In addition to work requirements for some benefit programs for low-income Americans, spending caps and changes to energy permitting have been proposed in exchange for votes to lift the limit, according to people briefed on the talks.
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President Biden and congressional leaders to meet on debt limit as McCarthy pushes for faster dealPresident Joe Biden is ready to discuss the debt ceiling with congressional leaders at the White House in a high-profile session with reverberations across the globe as early outlines of a potential deal begin to emerge despite painstakingly slow negotiations.
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President Biden and congressional leaders to meet on debt limit as McCarthy pushes for faster dealPresident Joe Biden is ready to discuss the debt ceiling with congressional leaders at the White House in a high-profile session with reverberations across the globe as early outlines of a potential deal begin to emerge despite painstakingly slow negotiations.
Read more »
President Biden and congressional leaders to meet on debt limit as McCarthy pushes for faster dealPresident Joe Biden is ready to discuss the debt ceiling with congressional leaders at the White House in a high-profile session with reverberations across the globe as early outlines of a potential deal begin to emerge despite painstakingly slow negotiations.
Read more »
President Biden and congressional leaders to meet on debt limit as McCarthy pushes for faster dealPresident Joe Biden is ready to discuss the debt ceiling with congressional leaders at the White House in a high-profile session with reverberations across the globe as early outlines of a potential deal begin to emerge despite painstakingly slow negotiations.
Read more »
President Biden and congressional leaders to meet on debt limit as McCarthy pushes for faster dealPresident Joe Biden is ready to discuss the debt ceiling with congressional leaders at the White House in a high-profile session with reverberations across the globe as early outlines of a potential deal begin to emerge despite painstakingly slow negotiations.
Read more »
President Biden and congressional leaders to meet on debt limit as McCarthy pushes for faster dealPresident Joe Biden is ready to discuss the debt ceiling with congressional leaders at the White House in a high-profile session with reverberations across the globe as early outlines of a potential deal begin to emerge despite painstakingly slow negotiations.
Read more »