![]() ![]() “When you look at the totality of the last three days, it’s actually a reflection of and an exclamation point on the way in which President Biden has led on the world stage. Meanwhile, Biden’s top national security aide told CNN that the stalled debt ceiling and budget negotiations have not undercut American leadership abroad or undermined the G7 summit as it came to a close Sunday. He gets reactive and he shifts,” the speaker said as he arrived at the US Capitol in Washington on Sunday. ![]() ![]() “The president keeps changing positions every time Bernie Sanders has a press conference. McCarthy, in turn, blamed what he called the “socialist wing of the Democratic Party” for driving Biden’s goals in the negotiations. “I think there are some MAGA Republicans in the House who know the damage it would do to the economy, and because I am president, and a president is responsible for everything, Biden would take the blame and that’s the one way to make sure Biden’s not reelected,” he said. Pressed on whether he would be to blame for a default scenario, Biden said that based on what he’s offered, he should be blameless but conceded that “no one will be blameless” as he suggested some of his political rivals could be encouraging a default to sabotage his reelection efforts. President Joe Biden speaks during a news conference in Hiroshima, Japan, Sunday, following the G7 Summit. … They have to move, as well,” the president said. “It’s time for Republicans to accept that there’s no bipartisan deal to be made solely, solely on their partisan terms. The proposal included at least two items that weren’t part of their initial bill: immigration provisions and additional changes to the work requirements for food stamps, the source said.Īt his news conference Sunday, Biden said that much of what Republicans have proposed “is simply, quite frankly, unacceptable.” ![]() The budget proposal Republicans presented earlier this weekend would set budget caps for six years, with the cap structure remaining the same as the House-passed bill at fiscal year 2022 levels, according to a source with direct knowledge of the matter. “It seems as though he wants to fault more than he wants a deal.” “He’s now bringing something to the table that everyone said was off the table,” the California Republican said. McCarthy, in an interview Sunday with Fox News, disagreed with that characterization, saying Biden previously told him that tax increases were “off the table” and that he wouldn’t agree to them. On Sunday, Biden acknowledged “significant” disagreement with Republicans in some areas, insisting that while he’s willing to cut spending, tax “revenue is not off the table” as part of the deal. Republicans have been seeking spending cuts in the federal budget in exchange for their support to raise the nation’s borrowing limit. “I can’t guarantee that they will not force a default by doing something outrageous,” he said at a news conference before he left for Washington.īiden’s remarks were the latest indication that talks between the White House and congressional Republicans remained far apart. McCarthy’s more optimistic tone comes after the president had issued a stark warning earlier Sunday that congressional Republicans could use a national default to damage him politically and acknowledged that time had run out to use potential unilateral actions to raise the federal borrowing limit, as the deadline to reach an agreement neared.Ĭharacterizing GOP proposals as “extreme” and warning they couldn’t gain sufficient support in Congress, Biden said he wasn’t able to promise fellow world leaders gathered in Hiroshima, Japan, for Group of Seven talks that the US would not default. It is not expected to include other congressional leaders. In an 18-minute gaggle with reporters at the US Capitol, the California Republican said that while the timing of the meeting was still being worked out, it was likely to be Monday afternoon. McCarthy said the phone call with Biden, who was aboard Air Force One returning to Washington from Japan, was “productive.” Here’s how we know a US default would be an economic disaster.If US defaults on its debt, Treasury would have to decide how to pay the bills.How the 14th Amendment factors into the debt ceiling debate.Five ways a debt default could affect you. ![]()
0 Comments
Leave a Reply. |