President Joe Biden planned on Sunday to speak directly with House Speaker Kevin McCarthy, hoping to salvage talks to raise the debt limit that have stalled in recent days while he was abroad at the Group of Seven summit.
GOP lawmakers are holding tight to demands for sharp spending cuts, rejecting the alternatives proposed by the White House for reducing deficits. Biden and world leaders at the gathering for industrial nations in Japan had been closely tracking the negotiations, looking for signs of a compromise that would ensure the federal government can keep paying its bills and avoid a potentially catastrophic default.Biden has tried to project optimism even as the talks back in Washington were rocky.
The GOP lawmakers are also seeking cuts to IRS funding and asking the White House to accept provisions from their proposed immigration overhaul. The decision to set up a call came after another start-stop day with no outward signs of progress. Food was brought to the negotiating room at the Capitol on Saturday morning, only to be carted away hours later, and no meeting was expected. Talks, though, could resume on Sunday after the two leaders’ conversation.
“The first meetings weren’t all that progressive, the second ones were, the third one was,” he said. The president added that he believes “we’ll be able to avoid a default, and we’ll get something decent done.” “We reengaged, had a very, very candid discussion,” Rep. Garret Graves, R-La., a negotiator on McCarthy’s side, said Friday evening.As the White House team left the nighttime session, Biden counselor Steve Ricchetti, who is leading talks for the Democrats, said he was hopeful. “We’re going to keep working,” he said.
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