NEW: White House says House Speaker Kevin McCarthy 'beholden' to far-right Republicans on debt limit.
, criticizing him for being "beholden" to far-right Republicans while publicly voicing support for a bipartisan deal, according to a source familiar with the discussions.
The White House's talking points also criticize McCarthy for not agreeing to the White House's concessions. The Republican congressional leader "claims he wants to negotiate, but today he said the only concession he is willing to make is to prevent default -- a basic Constitutional responsibility of his job," according to the talking points.President Joe Biden, on the other hand, is willing to compromise, the source said.
House Speaker Kevin McCarthy looks on as President Joe Biden speaks during a meeting on the debt ceiling, in the Oval Office of the White House in Washington, on May 22, 2023.The talking points come as the so-called "x-date" draws closer -- the June 1 deadline to reach a deal on the federal debt limit and spending, or the U.S. government risks defaulting on its obligations for the first time.
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.
President Biden, House Speaker McCarthy to meet at White House over debt ceilingThe meeting Monday between the president and the new Republican speaker will be a race to prevent the looming debt crisis. There are 10 days until a potential default.
Read more »
McCarthy warns White House to reach debt-limit deal this weekHouse Speaker Kevin McCarthy warned Monday that any deal with President Biden over raising the debt limit must be completed by the end of this week to avert a default on the government’s obligations by June 1.
Read more »
Biden 'optimistic' on debt ceiling as White House negotiation with McCarthy underwayPresident Joe Biden and House Speaker Kevin McCarthy are meeting at the White House on the impasse over the government's debt ceiling. Washington is racing to strike a budget compromise and raise the nation’s borrowing limit in time to avert a potentially devastating federal default as soon as next week. Biden says he's optimisitic. McCarthy told reporters Monday it's time to “get moving” toward a deal. The negotiating teams wrapped up three hours of morning talks at the Capitol. After a weekend of start-stop talks, both Biden and McCarthy appeared upbeat as they face a deadline, as soon as June 1, when the government could run out of cash to pay its bills.
Read more »
No debt ceiling agreement in White House meeting, though Biden and McCarthy call talks productivePresident Biden and House Speaker Kevin McCarthy say they and their lead negotiators have had a productive meeting on the impasse over the government's debt ceiling.
Read more »
No debt ceiling agreement in White House meeting, though Biden and McCarthy call talks productivePresident Joe Biden and House Speaker Kevin McCarthy say they and their lead negotiators have had a productive meeting at the White House on the impasse over the government's debt ceiling
Read more »
McCarthy warns White House and GOP ‘nowhere near a deal’ on debt ceilingHouse Speaker Kevin McCarthy (R-CA) warned Republican lawmakers that his team is “nowhere near a deal” with the White House on the debt ceiling, ramping up pressure on President Joe Biden just nine days before the default deadline.
Read more »