Biden calls atin Hiroshima press conference
President Joe Biden on Sunday called for Republicans to agree to compromises in debt-ceiling negotiations, as he wrapped up a visit to Japan for a G-7 summit and prepared to fly back to Washington, D.C.
Biden’s comments on movement were similar to what House Speaker Kevin McCarthy said two days ago. The House Republican from south-central California told reporters on Friday that there needs to be “movement by the White House, and we don’t have any movement yet, so, yeah, we’ve got to pause.” Biden accused some Republicans of risking the economic damage of a default because of the 2024 White House race.
“My guess is he’s going to want to deal directly with me,” the president said, adding that it had to do with “making sure we’re on the same page.”When asked about McCarthy’s call for government spending to be less next year than this year, Biden said his side is “willing to cut spending, as well as raise revenue,” referring to tax increases. He also said his team is waiting for a GOP response to the White House’s latest counterproposal.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why Biden picked Shalanda Young and Steve Ricchetti to negotiate with Republicans on the debt ceilingPresident Biden has tasked two members of his administration — Office of Management and Budget Director Shalanda Young and White House senior adviser Steve Ricchetti — to negotiate with House Speaker Kevin McCarthy’s proxy to try to avert an imminent default on U.S. debt payments.
Read more »
Biden: GOP must move off 'extreme' positions, no debt limit deal solely on its 'partisan terms'President Joe Biden said Sunday that Republicans in the U.S. House must move off their 'extreme positions' on the now-stalled talks over raising America's debt limit and that there would be no agreement to avert a catastrophic default only on their terms.
Read more »
Republicans walk out of debt ceiling talks, say White House isn't being 'reasonable'Financial markets dipped on news of the debt ceiling talks stalling, after a week of purported progress.
Read more »
Debt limit talks in standstill as Republicans, White House face 'real differences'Debt limit talks came to an abrupt standstill after Republican House Speaker Kevin McCarthy said it’s time to “pause” negotiations. A White House official acknowledged there are “real differences” that are making talks difficult. Wall Street markets were down Friday amid the developments. It's not clear when the talks will resume. Biden’s administration is racing to strike a deal with Republicans as the nation careens toward a potentially catastrophic debt default if the nation fails to pay its bills. McCarthy says it's an “easy” problem to resolve by cutting government spending.
Read more »
Debt Limit Talks in Standstill as Republicans, White House Face ‘Real Differences’The Biden administration is racing to strike a deal with Republicans as the nation careens toward a potentially catastrophic debt default if the government fails to increase the borrowing limit, now at $31 trillion, to keep paying the nation’s bills.
Read more »
Freshman Republicans who helped flip House under fire for debt ceiling stanceThe DCCC launched a website attacking freshman Republicans in New York whose districts POTUS won in 2020, targeting the lawmakers for their stances on the debt limit.
Read more »