Biden, House Speaker McCarthy to speak on debt limit

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Biden, House Speaker McCarthy to speak on debt limit
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“We’re going to get a chance to talk later today,” Biden said of McCarthy, R-Calif., while the president met with the leaders of Japan and South Korea at the G7 in Hiroshima, Japan.

President Biden delivers the State of the Union address to a joint session of Congress at the U.S. Capitol, on Feb. 7, 2023, in Washington, D.C.But McCarthy may need bipartisan support; it’s possible he’ll need as many as 100 House Democratic votes to pass an agreement, based on likely GOP defections and past votes, according to a person familiar with the talks.

The GOP wants work requirements on Medicaid, though the administration has countered that millions of people could lose coverage. Republicans have also rejected White House proposals to raise revenues in order to further lower deficits. Biden meeting with congressional Kevin McCarthy and Senate Majority Leader Chuck Schumer to discuss legislative priorities for the rest of the year, on Nov. 29, 2022, in the Roosevelt Room of the White House in Washington.The decision to set up a call came after another start-stop day with no outward signs of progress. Food was brought to the negotiating room at the Capitol on Saturday morning, only to be carted away hours later, and no meeting was expected.

The president added that he believes “we’ll be able to avoid a default, and we’ll get something decent done.” As the White House team left the nighttime session, Biden counselor Steve Ricchetti, who is leading talks for the Democrats, said he was hopeful. “We’re going to keep working,” he said.McCarthy had said resolution to the standoff is “easy,” if only Biden’s team would agree to some spending cuts Republicans are demanding.

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