{"id":573819,"date":"2023-05-10T03:42:39","date_gmt":"2023-05-10T00:42:39","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/five-takeaways-from-the-biden-mccarthy-meeting-on-debt-limit-debate\/"},"modified":"2023-05-10T03:42:39","modified_gmt":"2023-05-10T00:42:39","slug":"five-takeaways-from-the-biden-mccarthy-meeting-on-debt-limit-debate","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/five-takeaways-from-the-biden-mccarthy-meeting-on-debt-limit-debate\/","title":{"rendered":"#Five takeaways from the Biden, McCarthy meeting on debt limit debate"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a39f16d4d469\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a39f16d4d469\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/five-takeaways-from-the-biden-mccarthy-meeting-on-debt-limit-debate\/#Biden_considering_14th_Amendment\" >Biden considering 14th Amendment<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/five-takeaways-from-the-biden-mccarthy-meeting-on-debt-limit-debate\/#Biden_open_to_using_unspent_COVID-19_funds\" >Biden open to using unspent COVID-19 funds<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/five-takeaways-from-the-biden-mccarthy-meeting-on-debt-limit-debate\/#McCarthy_says_no_new_movement\" >McCarthy says no new movement<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/five-takeaways-from-the-biden-mccarthy-meeting-on-debt-limit-debate\/#Leaders_meeting_Friday\" >Leaders meeting Friday<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/buradabiliyorum.com\/en\/five-takeaways-from-the-biden-mccarthy-meeting-on-debt-limit-debate\/#Lawmakers_dont_want_default\" >Lawmakers don\u2019t want default<\/a><\/li><\/ul><\/nav><\/div>\n<p><img decoding=\"async\" src=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/bidenmccarthy_ap_050923_evanvucci.jpg?w=900\" \/><\/p>\n<div>\n<p>President Biden and the top four congressional leaders, including Speaker Kevin McCarthy (R-Calif.), came away from their Tuesday meeting with no path forward to avoid the nation defaulting on its debts.<\/p>\n<p>The president\u2019s meeting with McCarthy, House Minority Leader Hakeem Jeffries (D-N.Y.), Senate Majority Leader Chuck Schumer (D-N.Y.) and Senate Minority Leader Mitch McConnell (R-Ky.) came just over a week after Treasury Department Secretary Janet Yellen told lawmakers the U.S. could default by June 1.<\/p>\n<aside class=\"ad-unit ad-unit--mr1_ab\"><\/aside>\n<p>The leaders spoke for roughly an hour, and while McCarthy came out after and said there was no movement made on the issue in the Oval Office, the president struck a more optimistic tone.<\/p>\n<p>Here are five takeaways from the Tuesday meeting.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Biden_considering_14th_Amendment\"><\/span>Biden considering 14th Amendment<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Biden confirmed in remarks delivered from the Roosevelt Room after the meeting that he has been \u201cconsidering\u201d invoking the 14th amendment as a way to unilaterally work around the debt ceiling.<\/p>\n<p>But the president acknowledged that it would not be a viable short-term solution, noting it would have to work its way through the courts to find out whether it is feasible.<\/p>\n<p>\u201cAnd in the meantime, without an extension, it would still end up in the same place,\u201d the president added.<\/p>\n<p>The idea hinges on a clause in the 14th Amendment that says the public debt \u201cshall not be questioned.\u201d<\/p>\n<aside class=\"ad-unit ad-unit--mr2_ab\"><\/aside>\n<p>Yellen said Sunday using the 14th Amendment could spark a \u201cconstitutional crisis,\u201d and others have warned it might rattle financial markets.<\/p>\n<p>McCarthy, meanwhile, opposed the idea of the president using the 14<sup>th<\/sup> Amendment.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Biden_open_to_using_unspent_COVID-19_funds\"><\/span><strong>Biden open to using unspent COVID-19 funds<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Biden also highlighted the option of rescinding unspent COVID-19 relief funds as an area where he and lawmakers can agree to make some spending cuts.<\/p>\n<aside class=\"ad-unit ad-unit--mr3_ab\"><\/aside>\n<p>\u201cI\u2019d take a hard look at it, because \u2026 we don\u2019t need it all. But the questions is, what obligations were made, commitments made, the money not disbursed, etc.,\u201d Biden told reporters when asked if he would consider clawing back funds, even independent of debt limit discussions.<\/p>\n<p>House Republicans have passed legislation that would raise the debt ceiling and cap government funding at fiscal 2022 levels \u2014 all aimed at curbing spending \u2014 and includes provisions such as clawing back the unspent COVID money.<\/p>\n<p>The president has taken issue with other GOP efforts to roll back spending his administration has already <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roved through the Inflation Reduction Act, which caps health care costs and includes funding to combat climate change.<\/p>\n<aside class=\"ad-unit ad-unit--mr4_ab\"><\/aside>\n<h2><span class=\"ez-toc-section\" id=\"McCarthy_says_no_new_movement\"><\/span>McCarthy says no new movement<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>McCarthy emerged from the White House signaling the sides each dug in on their existing positions.<\/p>\n<p>\u201cEverybody in this meeting reiterated the positions they were at. I didn\u2019t see any new movement,\u201d McCarthy said.<\/p>\n<p>Biden, meanwhile, described the talks as \u201cproductive.\u201d Similarly, Jeffries said everyone agreed that \u201cwe should move forward with real conversations.\u201d<\/p>\n<aside class=\"ad-unit ad-unit--mr5_ab\"><\/aside>\n<p>Biden and White House officials have insisted that Congress raise the debt ceiling without conditions, pointing to decades of precedent under Democratic and Republican administrations. GOP officials have been adamant that spending cuts should be part of any discussion about raising the debt limit.<\/p>\n<p>The lack of tangible progress elicited frustration from others on Capitol Hill.<\/p>\n<p>\u201cTo have five of the political leaders for our country walk out of the meeting and not one of them say that we made progress?\u201d Sen. Joe Manchin (D-W.Va.) said. \u201cRidiculous.\u201d<\/p>\n<aside class=\"ad-unit ad-unit--mr6_ab\"><\/aside>\n<h2><span class=\"ez-toc-section\" id=\"Leaders_meeting_Friday\"><\/span>Leaders meeting Friday<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Biden and McCarthy said they had directed staff members to huddle over the next 48 hours to find a way forward, and the president and congressional leaders would reconvene for another meeting Friday.<\/p>\n<p>\u201cOne of the ways in which senators or congresspersons are able to back off some of the things they\u2019ve done is if they give their staff some leeway,\u201d Biden said.<\/p>\n<p>Jeffries described the upcoming Friday meeting as a reason to be optimistic. He told reporters they had \u201can honest, frank discussion about a path forward,\u201d and that their teams will get together in the days ahead to continue talks.<\/p>\n<aside class=\"ad-unit ad-unit--mr7_ab\"><\/aside>\n<p>Biden and McCarthy had not met to discuss the debt limit since Feb. 1. The Speaker bashed the president after the Tuesday meeting about the fact that he hasn\u2019t invited him for talks sooner, while the president argued that he extended the invite once the House passed their bill to avoid default.\u00a0<\/p>\n<p>Additionally, McCarthy said that a staff-level discussion had preceded the Tuesday meeting, which he had requested from Biden but did not publicize.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Lawmakers_dont_want_default\"><\/span>Lawmakers don\u2019t want default<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>One development Biden cited as progress was an agreement reached at the meeting to take the possibility of allowing a default to occur off the table, with the leaders understanding the risks of blowing the June 1 deadline.<\/p>\n<p>\u201cYes, there was substantial movement in the sense that everyone agreed that \u2026 defaulting on the debt is off the table,\u201d the president said.<\/p>\n<p>But he also alluded to that agreement being among three of the leaders, a contingency that did not include McCarthy.<\/p>\n<p>McConnell\u2019s major takeaway after the meeting was that the U.S. \u201cis not going to default,\u201d but he said a solution must ultimately be agreed upon by Biden and McCarthy. Additionally, Schumer later told reporters that the Democrats in the room asked the Speaker \u201cto take default off the table.\u201d<\/p>\n<p>Still, the day concluded with each side largely blaming the other for the continued stalled talks.<\/p>\n<p><em>Mychael Schnell and Emily Brooks contributed.<\/em><\/p>\n<\/div>\n<p>Copyright 2023 Nexstar <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Media<\/a> Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thehill.com\/homenews\/administration\/3996964-five-takeaways-from-the-biden-mccarthy-meeting-on-debt-limit-debate\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Biden and the top four congressional leaders, including Speaker Kevin McCarthy (R-Calif.), came away from their Tuesday meeting with no path forward to avoid the nation defaulting on its debts. The president\u2019s meeting with McCarthy, House Minority Leader Hakeem Jeffries (D-N.Y.), Senate Majority Leader Chuck Schumer (D-N.Y.) and Senate Minority Leader Mitch McConnell (R-Ky.)&#8230;<\/p>\n","protected":false},"author":1,"featured_media":573820,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/bidenmccarthy_ap_050923_evanvucci.jpg?w=1280","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[81188,134344,134343,71313,139529,10574,134661,87077,124783,35813,41445,115,70289],"class_list":["post-573819","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-janet-yellen","tag-administration","tag-campaign","tag-chuck-schumer","tag-defense-national-security","tag-education","tag-energy-environment","tag-hakeem-jeffries","tag-international","tag-kevin-mccarthy","tag-mitch-mcconnell","tag-news","tag-senate"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/573819","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=573819"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/573819\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/573820"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=573819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=573819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=573819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}