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Speaker Kevin McCarthy (R-Calif.) said on Sunday that a call he had with President Biden about the debt limit and looming default earlier in the day was “productive” and that the pair will meet in-person on Monday upon the president’s return from Japan. “I believe it was a productive phone call,” McCarthy told reporters, noting…
President Biden on Sunday called on Republican lawmakers to compromise in ongoing budget and debt ceiling talks, warning that their current position is too extreme and cannot pass a narrowly divided Congress. Biden spoke to reporters from Hiroshima, Japan where he has been attending the Group of Seven (G7) Summit, and warned that he would…
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…
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…
Republicans and the White House resumed debt ceiling talks on Friday evening after frustrated GOP negotiators hit pause for much of the day. But a key Republican negotiator is not confident about coming to an agreement this weekend, which Speaker Kevin McCarthy (R-Calif.) has said has to happen to allow legislation to pass through the…
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…
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…
The House Freedom Caucus is calling for “no further discussion” on legislation to raise the debt ceiling until the Senate passes the bill House Republicans approved last month that would pair an increase in the borrowing limit with steep spending cuts. Senate Majority Leader Chuck Schumer (D-N.Y.) has called the bill “dead on arrival.” The…