President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) have delegated primary negotiations over raising the debt ceiling and cutting spending to trusted surrogates, establishing a clearer process for resolving the standoff between the parties. Steve Richetti, counselor to the president, and Shalanda Young, director of the Office of Management and Budget, will negotiate on…
Biden Hopeful of Debt Ceiling Deal as McCarthy Says Democrats ‘Want a Default’
President Joe Biden is optimistic about reaching an agreement with congressional Republicans on the nation’s debt ceiling. A follow-up meeting between the parties will likely take place on May 16, the president said. House Speaker Kevin McCarthy (R-Calif.) told reporters that Democrats appear to want a default more than they want a solution to the…
McCarthy Not Asking Rep. Santos to Resign but Won’t Back Reelection Plans After Criminal Indictment
House Speaker Kevin McCarthy (R-Calif.) ruled out supporting Rep. George Santos (R-N.Y.) in a potential reelection bid after the freshman lawmaker was hit with criminal charges for fraud on Wednesday. Santos, who is about five months into his term, faces a 13-count indictment brought by Breon Peace, the U.S. Attorney for New York’s Eastern District….
Meeting Over Debt Ceiling Between Biden, Congressional Leaders Delayed Until Next Week
May 11, 2023
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Business & Marketsdebt ceilingeconomic policiesExecutive BranchHouse Speaker Kevin McCarthyJoe BidenPoliticsUS
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The debt ceiling meeting scheduled for May 12 between President Joe Biden and top congressional leaders has been pushed back until next week, according to The White House. The leaders were scheduled to meet to discuss lifting the debt ceiling in order to avoid a default on the country’s debt obligations before the June 1…
Meeting Over Debt Ceiling Between Biden, Congressional Leaders Delayed to Next Week
May 11, 2023
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Business & Marketsdebt ceilingeconomic policiesExecutive BranchHouse Speaker Kevin McCarthyJoe BidenPoliticsUS
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A meeting between President Joe Biden and top congressional leaders that had been scheduled for May 12 to discuss the debt ceiling has been pushed back until next week, according to the White House. The leaders were scheduled to meet to discuss lifting the debt ceiling in order to avoid a default on the country’s…
House GOP Leadership Reacts to Santos Charges
May 10, 2023
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George SantosHouse Majority Leader Steve ScaliseHouse Republican Conference Chair Elise StefanikHouse Speaker Kevin McCarthyPoliticsUS
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House Republican leaders, citing a need for the legal process to play out, have not called on Rep. George Santos (R-N.Y.) to resign following Santos’ arrest on May 10 on federal charges of wire fraud, money laundering, theft of public funds, and making materially false statements to the House of Representatives. Santos surrendered to authorities…
Pressure for Compromise Mounts as Biden, McCarthy Resume Debt Limit Talks
May 9, 2023
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congressdebt ceilingdebt limiteconomyExecutive BranchHouse Minority Leader Hakeem JeffriesHouse Speaker Kevin McCarthyJoe BidenPoliticsSenate Majority Leader Chuck SchumerSenate Minority Leader Mitch McConnellU.S. national debtUSUS NewsWhite House
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As President Joe Biden prepared to welcome House Speaker Kevin McCarthy (R-Calif.) to the White House on May 9 to resume their debt ceiling negotiations, the pressure for the president to bend on the issue was on the rise. The meeting—which will also involve Senate Majority Leader Chuck Schumer (D-N.Y.), Senate Minority Leader Mitch McConnell…
House Democrats Quietly Deploy Plan to Force Vote on Debt Limit Increase
May 2, 2023
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congressdebt ceilingDemocratsHouse DemocratsHouse Minority Leader Hakeem JeffriesHouse Speaker Kevin McCarthyHouse voteJoe BidenPolicies & ImpactsPoliticsRepublicansUSUS News
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Amid the continued gridlock on Capitol Hill over the debt limit ceiling, House Democrats have unveiled a clandestine scheme to force a vote on the matter. The plans, quietly set in motion in January, were revealed by House Minority Leader Hakeem Jeffries (D-N.Y.) in a May 2 letter to his Democrat colleagues. “At the beginning…
Both Sides Double Down on Debt Ceiling Positions Ahead of Biden-McCarthy Meeting
President Joe Biden has invited House Speaker Kevin McCarthy (R-Calif.) and other congressional leaders to a meeting on raising the nation’s debt limit, but he has no intention of negotiating on the matter. Instead, the president will use the May 9 sit-down to remind Republicans of their constitutional duty to raise the debt ceiling and…
Bernie Sanders Says ‘We Can Start Negotiating Tomorrow’ on Debt, Blames GOP for Impasse
May 1, 2023
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congressdebt limitDemocratsHouse Speaker Kevin McCarthyPoliticspresident joe bidenSen. Bernie SandersUS
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Sen. Bernie Sanders (I-Vt.) said lawmakers could start negotiating on the U.S. debt and spending soon, but not before Republicans commit to increasing the U.S. debt limit to avoid a default on its existing debt obligations. Sanders discussed the U.S. national debt and an ongoing debate over raising the debt limit during an interview with…
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