Congressional leaders left their White House meeting praising a new format for debt talks they hoped would be more productive. Senate Democrats aren't reassured.
Congressional leaders engaged in a lot of happy talk after Tuesday’s debt meeting with President Joe Biden. Not everyone is convinced they’re any closer to a deal.and Biden, hoping fewer players might be more productive in reaching a bipartisan deal to raise the debt ceiling. Even then, it looks like a longshot to some Senate Democrats.
“Nothing has been resolved in this negotiation,” McCarthy said. “The only thing that has changed is, we finally have a format that has proven to work years in the past. Now, all the years in the past, they had more time to negotiate.” That negotiation could carry on well past the approaching June deadline to raise the debt ceiling, Democrats say, given the big demands that House Republicans are starting with. In the meantime, conservatives remain confident that McCarthy won’t undercut their spending priorities by moving to the left.
The California Republican had vented to his colleagues just hours before the meeting that the current format of negotiations — with all four party leaders in a room with the president — wasn’t fruitful. Speaking to his conference on Tuesday morning, McCarthy said the five of them had achieved little in their first sitdown last week, arguing that Schumer had prevented Biden from fully engaging with the speaker and McConnell, according to two people familiar with his remarks.
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