President Joe Biden and House Speaker Kevin McCarthy are set to meet on Wednesday – the first such gathering since the California Republican won the speakership after Republicans took over the House majority
. The highly anticipated meeting is expected to influence how the fight to raise the national debt limit unfolds as the White House and the new House GOP majority are at odds over how to resolve the critical issue. House Republicans say that lifting the borrowing cap must be tied to spending reductions. The White House, however, has countered that it will not offer concessions or negotiate on raising the debt ceiling.
Part of McCarthy’s efforts will come Wednesday morning when House leaders hold a special conference on the issue of the debt ceiling, an effort to begin to lay the groundwork for members on what is actually achievable in these negotiations. Sources familiar with the planning of that meeting told CNN that the goal is to begin member education and remind the rank-and-file what a reasonable ask will look like in a negotiation when Democrats still control the Senate and the White House.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
House Speaker McCarthy, Biden to discuss debt limit and spending on WednesdayPresident Joe Biden and House of Representatives Speaker Kevin McCarthy will meet at the White House on Wednesday for talks in the standoff over the federal debt ceiling and prospect for a U.S. default.
Read more »
Biden, McCarthy to discuss debt limit in talks on WednesdayHouse Speaker Kevin McCarthy said Sunday he is looking forward to discussing with President Joe Biden a “reasonable and responsible way that we can lift the debt ceiling ” when the two meet Wednesday for their first sit-down at the White House since McCarthy was elected to the post. McCarthy, R-Calif., said he wants to address spending cuts along with raising the debt limit, even though the White House has ruled out linking those two issues together as the government tries to avoid a potentially devastating financial default.
Read more »
House GOP sets its expectations low for McCarthy-Biden debt meetingThe GOP is entertaining hope that the president shows a shred of openness to taking its demands seriously, even as very few of its members specify what they want Joe Biden to negotiate on.
Read more »
White House escalates war of words with GOP ahead of Biden-McCarthy debt limit meetingWhite House principal deputy press secretary Olivia Dalton prodded House Speaker Kevin McCarthy (R-CA) Tuesday over his entitlements voting record, just one day before he and President Joe Biden are scheduled to meet and discuss a path forward to raising the debt limit.
Read more »
Biden, McCarthy to meet at White House amid debt ceiling fightPresident Biden, House Speaker Kevin McCarthy to meet at the White House Wednesday to discuss a range of issues, including ways to reach an agreement to raise the debt ceiling.
Read more »