With the danger of default looming, some centrist Democrats are slowly splitting from President Joe Biden over his apparent refusal to negotiate on the debt ceiling.
Still siding with Biden on opposition to GOP tactics and demands, a handful of moderate Democrats have started to assert publicly that sitting down with House Speaker Kevin McCarthy could be a first step to end the brinkmanship to save the economy."Of course, President Biden should sit down with Speaker McCarthy. But let me put an idea out there, the proposal that McCarthy has put forward — that belongs in the budget," Sen. Amy Klobuchar told CNN's State of the Union.
The president has been adamant that McCarthy should lift the nation's borrowing authority without any strings attached, after which the two could discuss the latter's spending demands separately. But McCarthy has vowed that he will"never" advance a"bill that just raises the debt ceiling." "Our elected leaders must stop with the political games, work together and negotiate a compromise. Instead, it has been more than 78 days since President Biden last met with Speaker McCarthy," Manchin said in a statement last week."This signals a deficiency of leadership, and it must change.""I think it's critically important now more than ever that both sides sit down," Rep. Josh Gottheimer told CNN.
His proposal would return funding for government agencies to fiscal 2022 levels and cap annual increases to about 1% a year, with a carveout for the Pentagon. It would also scrap Biden's student loan forgiveness plan, cut bolstered IRS funding, rescind unused COVID-19 funds, nix certain green energy tax credits, and add work requirements for social safety programs.
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