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The White House is aiming to arrange a phone call between President Biden and Speaker McCarthy (R-Calif.) to try and get talks over avoiding a default back on track once the president has wrapped up his meetings at the Group of Seven (G-7) Summit in Japan on Sunday. A White House official said in a…
Speaker Kevin McCarthy (R-Calif.) signaled on Saturday that he doesn’t think debt limit negotiations can move forward until President Biden returns to Washington. “Unfortunately, the White House moved backwards,” McCarthy told reporters, as he left the Capitol with Rep. Garret Graves (R-La.) — the lead GOP negotiator, and Rep. Patrick McHenry (R-N.C.). “I don’t think…
President Biden said at the Group of Seven (G7) summit on Saturday that he believes the United States will avoid a default as the deadline for lawmakers to reach a deal approaches. Biden said at a press conference in Hiroshima, Japan, that he is “not at all” worried about the ongoing negotiations to raise the…
The White House on Friday night tempered its optimism about ongoing talks with Republicans on a budget agreement and debt ceiling increase, acknowledging the two sides have “serious differences” heading into the weekend. “We have serious differences and this is going to continue to be a difficult conversation. That’s not lost on us,” press secretary…
National security adviser Jake Sullivan said that while the debt limit talks have been a subject of interest at the Group of Seven (G-7) summit, President Biden has “expressed confidence” to world leaders in avoiding a default. “It is definitely a subject of interest,” Sullivan told reporters during a Saturday morning press conference in Japan. “Here at…
The Chamber of Commerce, the largest business group in the nation, warned President Biden on Friday of the potentially disastrous economic effects of invoking the 14th Amendment to avoid the country defaulting on its debts. “It is the Chamber’s view that attempting to invoke so-called ‘powers’ under the 14th Amendment would be as economically calamitous as a…
Former President Trump on Friday urged Republican lawmakers to dig in on debt ceiling talks just as negotiations with the White House were paused over disagreements. “Republicans should not make a deal on the debt ceiling unless they get everything they want (Including the ‘kitchen sink’),” Trump wrote on Truth Social. “That’s the way the…
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The White House late Thursday said there has been “steady progress” in negotiations between the administration and lawmakers on talks over the debt ceiling and the budget, with President Biden phoning his team from Japan for an update. Biden “requested and received an update” on talks while in Hiroshima for the Group of Seven (G-7)…
Bipartisan negotiators racing to secure a debt ceiling deal voiced new confidence on Thursday that they’ll locate a compromise before a federal default. But even as President Biden and Speaker Kevin McCarthy (R-Calif.) both hinted at significant progress in the talks, rank-and-file lawmakers in both parties are raising alarms about the concessions their leaders have…