President Biden and House Speaker Kevin McCarthy will meet face-to-face Wednesday afternoon as part of high-stakes talks to come to an agreement over extending the country’s debt ceiling to s…
President Biden and House Speaker Kevin McCarthy will meet face-to-face Wednesday afternoon as part of high-stakes talks to come to an agreement over extending the country’s debt ceiling to stave off a looming financial crisis.
Leading up to his meeting Wednesday with House Speaker Kevin McCarthy, President Biden has said he will not negotiate on raising the debt ceiling.But Republicans are reportedly split over how to reduce the deficit, with some calling for slashing the Pentagon’s budget and others favoring taking a knife to overall domestic spending.
House Speaker Kevin McCarthy says President Biden will have to come to the negotiating table on the debt ceiling – now or later.“If my kid charges up the credit card, I’m responsible for those [charges]. But I’m also responsible that I’m not going to just raise the limit and move on the same way,” the California Republican told Punchbowl News.
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 »
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 »
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 »