President Joe Biden was originally set to sit down with congressional leaders on Friday.
with little progress to show but a commitment for staff members to continue to meet daily to try to reach a compromise.
McCarthy told reporters he did not see "any new movement" in negotiating positions over the debt limit during the meeting. "Everybody in this meeting reiterated the positions they were at," before the meeting, McCarthy said outside the White House."Meetings are progressing. Staff is continuing to meet and it wasn't the right moment to bring it back to principals," the source said.is necessary for the government to cover spending commitments already approved by Congress and the president and prevent default. Doing so does not authorize new spending.
The White House has stressed that while it is open to discuss spending cuts, it will not negotiate with Republicans on the debt ceiling. The Biden administration has said the GOP has a constitutional responsibility to raise the borrowing limit. The Treasury Department has taken extraordinary steps to keep paying the government's bills, and expects to be able to avoid a first-ever default at least until early June. Treasury Secretary Janet YellenDefaulting on sovereign debt would wreak havoc on the economy and roil markets around the world. A default on
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McCarthy provides readout of Biden debt ceiling meeting | House Speaker Kevin McCarthy provides readout following meeting with President Joe Biden as debt ceiling June 1 deadline looms | By Washington Examiner | Facebook0 views, 14 likes, 0 loves, 20 comments, 30 shares, Facebook Watch Videos from Washington Examiner: House Speaker Kevin McCarthy provides readout following meeting with President Joe Biden as debt...
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President Biden ramps up pressure on House GOP in debt limit battle, visiting New YorkFresh off a White House meeting with no serious breakthrough on the debt limit standoff, President Joe Biden is launching a new phase of his pressure campaign against House Republicans as he makes his case that lawmakers should lift the nation's borrowing authority without any strings attached.
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President Biden ramps up pressure on House GOP in debt limit battle, visiting New YorkFresh off a White House meeting with no serious breakthrough on the debt limit standoff, President Joe Biden is launching a new phase of his pressure campaign against House Republicans as he makes his case that lawmakers should lift the nation's borrowing authority without any strings attached.
Lire la suite »
President Biden ramps up pressure on House GOP in debt limit battle, visiting New YorkFresh off a White House meeting with no serious breakthrough on the debt limit standoff, President Joe Biden is launching a new phase of his pressure campaign against House Republicans as he makes his case that lawmakers should lift the nation's borrowing authority without any strings attached.
Lire la suite »
President Biden ramps up pressure on House GOP in debt limit battle, visiting New YorkFresh off a White House meeting with no serious breakthrough on the debt limit standoff, President Joe Biden is launching a new phase of his pressure campaign against House Republicans as he makes his case that lawmakers should lift the nation's borrowing authority without any strings attached.
Lire la suite »