As negotiators are nearing an agreement to increase the nation’s debt ceiling, conservative House Republicans have urged House Speaker Kevin McCarthy (R-Calif.) to add to their demands on President Joe Biden rather than making concessions in order to close the deal. Negotiators from both sides have been meeting intensely for the past two weeks to…
House Freedom Caucus Presses McCarthy to Add Conditions to Debt Ceiling Deal
Debt Ceiling Negotiations Stall on Spending Cuts as Deadline Nears
Negotiations over raising the U.S. debt limit ahead of the June 1 deadline have stalled over the issue of 2024 limits on federal discretionary spending. White House negotiators Steve Ricchetti, counselor to the president, and Shalanda Young, director of the Office of Management and Budget, have been meeting with Rep. Garret Graves (R-La.) and Rep….
ANALYSIS: Behind the Debt Ceiling Negotiations—Who Has the Upper Hand?
News Analysis Alexander Hamilton, the 32-year-old wunderkind serving as secretary of the Treasury, proposed a bold plan to the first U.S. Congress on Jan. 9, 1790. The federal government should assume the wartime debts of the 13 states, about $25 million worth, and retire them with funds borrowed at a lower rate of interest, then…
Biden, McCarthy Have ‘Productive’ Meeting But No Deal Yet on Debt Ceiling
May 22, 2023
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House Speaker Kevin McCarthy (R-Calif.) and President Joe Biden clearly defined their areas of disagreement over raising the debt ceiling and cutting federal spending, paving the way for negotiators from both sides to iron out a deal. Emerging from a 90-minute conversation at the White House on May 22, McCarthy described the meeting in positive…
McCarthy Frustrated With Biden’s Delays on Debt Issue, Says Excessive Spending Must Stop
Democrats are addicted to spending, and that must be stopped, according to House Speaker Kevin McCarthy (R-Calif.). The speaker staked out the primary objective of negotiations with President Joe Biden over increasing the nation’s $31.4 trillion debt ceiling in comments to reporters on Capitol Hill on the morning of May 22. Beginning in January, McCarthy…
Biden, McCarthy Meeting Offers Hope of Deal on Debt Ceiling
President Joe Biden and House Speaker Kevin McCarthy (R-Calif.) will meet on May 22 for in-person talks on resolving the debt ceiling crisis. Over the weekend, negotiations between representatives from each side stalled as both doubled down on their demands. Rep. Garret Graves (R-La.), the lead negotiator for Republicans, told reporters on May 19 that…
EXCLUSIVE: McCarthy Holds ‘Most of the Cards’ in Debt Ceiling Negotiations, Gingrich Says
House Speaker Kevin McCarthy (R-Calif.) has the upper hand in negotiations with President Joe Biden on raising the debt ceiling and cutting federal spending, according to former House Speaker Newt Gingrich. Gingrich said that the House’s passage of the Limit, Save, Grow Act on April 26 was a key moment in breaking the stalemate Biden…
House Freedom Caucus to McCarthy: ‘Use Every Leverage’ in Debt Limit Negotiation
Members of the House Freedom Caucus have urged House Speaker Kevin McCarthy (R-Calif.) and Senate Republicans to “use every leverage” to get the House debt limit bill signed into law. “The U.S. House of Representatives has done its job in passing the Limit, Save, Grow Act to provide a mechanism to raise the debt ceiling….
Some Senate Democrats Urge Biden Not to Strike a Deal With McCarthy on Debt Ceiling
A group of Democratic senators has said they will not support any deal on raising the debt ceiling that includes cutting vital social services and has urged President Joe Biden to invoke the 14th Amendment if necessary to continue paying the nation’s bills and avoid a default. “The president has the authority and the responsibility…
McCarthy Predicts Debt Ceiling Deal to Reach House Next Week
House Speaker Kevin McCarthy (R-Calif.) expects to bring a deal on raising the federal debt ceiling before the House next week, he told reporters on May 18. The positive tone marks a change for the Speaker, who as recently the day before had refused to say he was optimistic about reaching an agreement with President…
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