{"id":575673,"date":"2023-05-23T02:17:14","date_gmt":"2023-05-22T23:17:14","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/mccarthy-debt-ceiling-meeting-with-biden-productive-but-no-agreement-yet\/"},"modified":"2023-05-23T02:17:14","modified_gmt":"2023-05-22T23:17:14","slug":"mccarthy-debt-ceiling-meeting-with-biden-productive-but-no-agreement-yet","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/mccarthy-debt-ceiling-meeting-with-biden-productive-but-no-agreement-yet\/","title":{"rendered":"#McCarthy: Debt ceiling meeting with Biden \u2018productive\u2019 but no agreement yet"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/thehill.com\/wp-content\/uploads\/sites\/2\/2023\/05\/bidenmccarthy_debt_052223_ap_alexbrandon.jpg?w=900\" \/><\/p>\n<div>\n<p>Speaker Kevin McCarthy (R-Calif.) emerged Monday evening from a roughly hour-long meeting with President Biden on the debt ceiling saying the latest conversation was \u201cproductive,\u201d but that the two sides still don\u2019t have an agreement on how to avoid default just days until the deadline. <\/p>\n<p>\u201cI felt we had a productive discussion. We don\u2019t have an agreement yet,\u201d McCarthy told reporters after the Oval Office meeting.<\/p>\n<aside class=\"ad-unit ad-unit--mr1_ab\"><\/aside>\n<p>McCarthy said he believed the tone of the meeting was \u201cbetter than any other time we\u2019ve had discussions.\u201d The Speaker also praised the negotiators Biden <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>ointed to work on a deal, calling them \u201cintelligent,\u201d \u201cprofessional\u201d and \u201crespectful.\u201d<\/p>\n<p>Speaking to reporters back at the Capitol after the meeting, McCarthy said negotiators are \u201cgetting closer\u201d to a deal.<\/p>\n<p>\u201cDon\u2019t give up on us,\u201d he said.<\/p>\n<p>But there are still clear philosophical differences that the two sides must overcome.<\/p>\n<p>Biden, for example, has argued reforming the tax system to account for government revenue should be on the table in negotiations. The president said at the start of Monday\u2019s meeting that the two sides should be looking at closing tax loopholes and ensuring wealthy Americans pay \u201ctheir fair share.\u201d<\/p>\n<p>But one red line for the Speaker is no tax increases.\u00a0McCarthy said after Monday\u2019s meeting that \u201cthe problem is not revenue, the problem is spending.\u201d\u00a0The Speaker also ruled out defense cuts as part of any final package.<\/p>\n<aside class=\"ad-unit ad-unit--mr2_ab\"><\/aside>\n<p>Asked if there were any areas of agreement, McCarthy reiterated that the talks were productive but did not im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely\u00a0detail specific common ground.<\/p>\n<p>\u201cI think we both agree we want to be able to come to an agreement,\u201d he said. \u201cWe both agree on the areas that we know there\u2019s disagreement on.\u201d<\/p>\n<p>But after the meeting, McCarthy said that he and the president found some agreement on streamlining the permitting process for energy projects, one area of potential compromise in negotiations.\u00a0<\/p>\n<aside class=\"ad-unit ad-unit--mr3_ab\"><\/aside>\n<p>\u201cThe president [and] I both agreed that you can\u2019t do permitting reform for one form of energy. It has to be for all the above,\u201d McCarthy told reporters.<\/p>\n<p>In a statement issued roughly an hour after the meeting, Biden also called the meeting \u201cproductive.\u201d<\/p>\n<p>\u201cWe reiterated once again that default is off the table and the only way to move forward is in good faith toward a bipartisan agreement,\u201d Biden said. \u201cWhile there are areas of disagreement, the Speaker and I, and his lead negotiators Chairman McHenry and Congressman Graves, and our staffs will continue to discuss the path forward.\u201d<\/p>\n<aside class=\"ad-unit ad-unit--mr4_ab\"><\/aside>\n<p>Rep. Patrick McHenry (R-N.C.), who also attended the White House meeting and has been in negotiations with administration officials in recent days, said the conversation between McCarthy and Biden provided clarity for ongoing talks.<\/p>\n<p>\u201cIt told us as the negotiating team a little more of the details we need to get to a package, a package that can pass Congress,\u201d he said.<\/p>\n<p>But back at the Capitol, McHenry warned that there is a \u201clack of urgency\u201d on the part of the White House.<\/p>\n<aside class=\"ad-unit ad-unit--mr5_ab\"><\/aside>\n<p>\u201cI\u2019m worried about the impacts on the markets,\u201d said McHenry, the House Financial Services Committee Chairman. \u201cI think to play brinksmanship is not wise, when it comes to where we are with the banking system with the economy.\u201d<\/p>\n<p>With a June 1 debt limit deadline fast approaching and few signs of an imminent deal, the pressure is high on House Republicans and the White House to raise the debt ceiling \u2014 and eliminate the threat of economic turmoil if the U.S. cannot pay its bills.<\/p>\n<p>Monday\u2019s meeting came after a roller coaster few days in negotiations, which saw both Biden and McCarthy project optimism late last week only for talks to falter over the weekend. The two leaders spoke on the phone on Sunday as Biden was <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a>ing back from the Group of Seven (G7) Summit in Japan.<\/p>\n<aside class=\"ad-unit ad-unit--mr6_ab\"><\/aside>\n<p>McCarthy told reporters on Monday that his worries about a potential downgrade of the U.S. credit rating were why he asked Biden to start negotiating on the debt limit in February.<\/p>\n<p>\u201cI\u2019m concerned that he never worried about that,\u201d McCarthy said of Biden.<\/p>\n<p>McCarthy said shortly before Monday\u2019s meeting that he still believed an agreement was possible in time to avert a default. But he has been adamant that such a deal must be struck soon so it can be voted on in the House, sent to the Senate and approved there before heading to the White House for Biden\u2019s signature.<\/p>\n<aside class=\"ad-unit ad-unit--mr7_ab\"><\/aside>\n<p>The White House and McCarthy have both acknowledged that any deal must be bipartisan because of the narrow Republican majority in the House and the tight Democratic majority in the Senate.<\/p>\n<p>Treasury Secretary Janet Yellen in a letter to congressional leaders on Monday warned that it was \u201chighly likely\u201d the U.S. will not be able to pay all of its debts if lawmakers do not act by early June, and \u201cpotentially as early as June 1.\u201d<\/p>\n<p>Officials have for weeks cautioned that if the U.S. were to default, or even come close to it, it would have severe economic consequences and potentially trigger a recession.<\/p>\n<p>McCarthy told reporters on Monday that something has to get done on the debt bill by the end of the week in order to meet that deadline. And McHenry similarly told reporters that an agreement is needed within the next day or so.<\/p>\n<p>\u201cWe all understand deadlines. We understand the process,\u201d McHenry said. \u201cWe have the physical process of actually writing it \u2013 the mechanical piece is real. We have to be cognizant of the reality of moving paper, and ensuring that\u2019s accurate and correct.\u201d<\/p>\n<p>McCarthy told reporters that it is possible that he keeps lawmakers in town during a previously scheduled recess in order to pass a debt deal bill.<\/p>\n<p><em>Updated 9:02 p.m.<\/em><\/p>\n<\/div>\n<p>Copyright 2023 Nexstar Media 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. 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We don\u2019t have&#8230;<\/p>\n","protected":false},"author":1,"featured_media":575674,"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_debt_052223_ap_alexbrandon.jpg?w=1280","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[81188,134344,117,134343,116734,16450,90482,991,35813,137000,134438,134345],"class_list":["post-575673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-janet-yellen","tag-administration","tag-business","tag-campaign","tag-debt-ceiling","tag-equality","tag-house","tag-joe-biden","tag-kevin-mccarthy","tag-patrick-mchenry","tag-prevention-cures","tag-state-watch"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/575673","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=575673"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/575673\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/575674"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=575673"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=575673"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=575673"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}