President Joe Biden met privately with House Speaker Kevin McCarthy for more than an hour — their first in-person meeting since the Republican won the gavel.
what Republicans want in exchange for extending the debt ceiling. “The one thing I do know: Our debt is too high, we have waste in our government.”
The White House has emphasized that it is willing to negotiate on budget policy but that those talks must be separated from the debt ceiling to prevent any chance of default. Biden's position comes after the Obama administration acceded to negotiations on the debt limit in 2011, which brought the U.S. to the brink of disaster. Obama, Biden and their advisersUltimately, to avert a crisis, the House will have to pass a bill that Biden can sign and can pass the Democrat-controlled Senate.
“There will be a wink or a nod or a handshake in areas where they can at least find some consensus,” predicted Leon Panetta, a former budget director in Bill Clinton’s presidency and later a Cabinet secretary in the Obama-Biden administration.
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