US national security adviser Jake Sullivan told reporters that debt-ceiling talks were a subject of interest during the G7 summit, but were not a source of alarm
The U.S. flag flies over the Cannon House Office Building on Capitol Hill in Washington, U.S. December 19, 2022. REUTERS/Jonathan Ernst
While the White House acknowledged that "serious differences" remained with Republicans, who control the House of Representatives, President Joe Biden said he still believed a default could be avoided. "There continues to be real ... differences between the parties on these issues," White House spokesperson Karine Jean-Pierre told reporters earlier, also in Hiroshima."We had a very, very candid discussion talking about where we are, talking about where things need to be," Republican Representative Garret Graves told reporters following a second brief meeting in the Capitol with White House officials.
A meeting earlier on Friday ended abruptly with McCarthy telling reporters there had not been any "movement" from the White House toward Republican demands.Republicans are pushing for sharp spending cuts in exchange for the increase in the government's self-imposed borrowing limit, a move needed regularly to cover costs of spending and tax cuts previously approved by lawmakers.
That plan does not specify what spending would be cut, but some Republicans have said they would shield military and veterans programs. Democrats say that would force average cuts of at least 22% on domestic programs like education and law enforcement, a figure top Republicans have not disputed.Biden and McCarthy spent most of the year in an impasse with the White House insisting on a "clean" increase in the debt ceiling without conditions.
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